Merion v. Kentucky Home Mut. Life Ins. Co.

Opinion Per Curiam

Affirming.

The Inter-Southern Life Insurance Company issued a Compound Option Twenty Pay Life policy, non-par ticipating, in the amount of $3,000 to Graydon F. Merion on November 30,1927. The policy also provided for disability and double indemnity benefits. The premiums were paid quarterly. The appellant, Iva Souder Merion, wife of the insured, was designated as the beneficiary. The premiums were paid for six and one-half years, that is, to May 30, 1934. On October 9, 1931, Merion borrowed $219 on his policy. To the policy were attached dividend coupons which provided that…