Illinois Bankers Life Assurance Co. v. Tennison

Plaintiff brought this action to recover the face value ($2,000) of a policy of life insurance issued by defendant on October 15, 1942, to her husband, Mitchell V. Tennison, who died September 12, 1846. Defendant denied liability on the grounds the policy was not in effect at the date of insured’s death because of default in payment of the annual premium of $41.80 due October 15, 1945.

The petition and supplemental petition, after making the customary allegations, also alleged: that at date of insured’s death this policy had sufficient loan value to pay the current premium, as evidenced by…