Haas v. Mutual Life Insurance

On February 24th, 1886, the Mutual Life Insurance Company of New York issued its policy numbered 277,661, in the sum of $20,000, upon the joint lives of Benjamin and Adolph Haas, of this city. This policy, which is designated as a “Limited Payment Five Year Distribution Policy,” reads as follows:

“No. 277661 A.

“The Mutual Life Insurance Company of New York. “Age 37-35 Years Amount $20,000.

“Annual Premium for 20 years only $1056.

‘ ‘ In Consideration of the application for this policy which is hereby made a part of the contract, the Mutual Life Insurance Company of New York promises to pay at…