First Equity Security Life Insurance

This is an appeal from the trial court's refusal to reform the terms of a life insurance policy. The cause was initiated by the filing of a Complaint on a Life Insurance Policy by appellee, Lillian Keith. The defendant in that action, First Equity Security Life Insurance Company (First Equity), filed an Answer and Cross-Complaint for Reformation of Contract on October 18, 1971. The Cross-Complaint for Reformation was tried to the trial court on October 30, 1973, and the original claim of Mrs. Keith is still pending in the Daviess Circuit Court. The trial court entered judgment against First Equity on its cross-complaint for reformation. First Equity herein appeals the overruling of its timely filed motion to correct errors. First Equity is a stock company authorized to write life insurance in the State of Indiana. It issued a life insurance policy on April 24, 1969, to Samuel E. Keith, husband of the appellee. That policy, termed by the company as an Ambassador 500, was issued pursuant to an application made by Samuel Keith and a subsequent medical examination. The application was completed by Harry Scheid, a sales agent for First Equity.