Rose v. New York Life Insurance

The main question for decision on this appeal is whether the beneficiary in a policy issued by the defendant was entitled to recover only what would amount to paid-up insurance, or whether she was entitled to recover the full amount as extended insurance, less indebtedness, under the provisions of the policy and the non-forfeiture insurance statutes of this State.

The action was to recover on a life policy for $2000, plus dividend additions, damages and attorneys' fee for vexatious refusal to pay.

The answer to the petition was a general denial, and a plea that the policy lapsed for failure to…