BENHAM, Chief Justice.
While married to each other, appellant Michael Waggaman and appellee Mary Frances Langford applied for and received a policy of life insurance issued by appellee Franklin Life Insurance Company ("Franklin") on the life of Waggaman. When Waggaman and Langford divorced in October 1993, the settlement agreement incorporated into the judgment and decree of divorce awarded the Franklin life insurance policy on Waggaman's life to Langford. In July...
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