Unity Life Insurance Co. v. Beasley

1. Where a fraternal benefit association, for a single premium, issues a certificate to an insured providing for the payment of an endowment in cash to the insured upon certain contingencies, or for the payment of such sum to the insured's beneficiary upon his death, the contract is an entire one, and where the association breaches the contract with reference to the endowment provision of the certificate, the insured may accept the breach and recover the premiums paid, with interest.

2. The fact that the breach of the contract was authorized by a subsequently enacted by-law, by which the…