Jefferson Standard Life Insurance v. Cheek's Administrator

Opinion op the Court by

Creal, Commissioner

Affirming.

On April 1, 1920, the Jefferson Standard Life Insurance Company issued a $5,000 policy on the life of Warren Cheek. The annual premiums on this policy were paid up to April 1, 1930, and under the terms of the policy the insured had a thirty-day period of grace in which to pay tlie premium due on that date.

On April 25, 1930, the insured committed suicide, and thereafter his administrator, with the will annexed, instituted an action seeking to recover the principal sum of the policy less a policy loan of $1,115 and a note given in payment of a…