Lockwood v. New York Life Insurance
Appellate Division of the Supreme Court of the State of New York
Appeal by the defendant, New York Life Insurance Company, from a judgment of the Supreme Court in favor of the plaintiff, entered in the office of the clerk of the county of New York on the 5th day of January, 1916, upon the decision of the court after a trial before the court, a jury having been waived.
1Opinion of the Court
Clarke, P. J.:
On December 5, 1899, the defendant issued its policy No. 997,228, insuring the life of Richard A. Canfield, and therein agreed, in consideration of the payment of the sum of $7,579 and a like sum on the fifth day of December in every year during the continuance of the policy until twenty full years’ premium should be paid, to pay an amount not to exceed $124,000, as specified in a table contained therein, upon receipt and approval of proofs of Canfield’s death. Thereafter the annual premium was duly reduced to $7,277.
The policy was written on what was called the insurance bond,…
2Cases cited1 opinion
- Bandman v. . FinnNew York Court of Appeals · 1906
3Cited by2 opinions
- Tucker v. Equitable Life Assur. Soc. of United StatesSupreme Court of Louisiana · 1932
- DeLaPerriere v. American Home Assurance InsuranceCourt of Appeals of Georgia · 1962