Kenefick v. Mutual Trust Life Insurance

This action is brought to recover on a life insurance policy. The defense -is that the policy had lapsed for failure to pay premiums before the death of the insured.

The policy involved was issued by the defendant and was dated March 7, 1922. It is a nonrenewable ten-year term policy for $10,000, with an annual premium of $148.90, payable in advance on the 7th day of March of each )'ear, and with a provision that, after the first year’s premium had been paid the insured is allowed a grace of 31 days in which to pay next year’s premium; the policy 'being kept in force meanwhile by the company.

Th…