Kovacs v. John Hancock Mutual Life Insurance Co. of Boston

Barbour, C. C. J.

This action was tried by the court without a jury by consent of the parties on stipulation of facts.

On January 23d, 1925, the defendant issued its policy of life insurance on the life of Sophie Kovaes in the sum of $5,000 payable to her son, Stephen Kovaes, as beneficiary, an anuual premium of $217.60 being payable on the anniversary of the policy on January 23d of each year.

The premiums falling due on January 23d, 1929, and on January 23d, 1930, respectively, were paid by the application *617of dividends and by premium loans, the sum of $178.25 being borrowed for the purpose on…