Aetna Life Ins. Co. v. Murray

BOND, Chief Justice.

Frances Elizabeth Murray brought this suit to recover from Aetna Life Insurance Company the proceeds of a double indemnity life insurance policy for $2,000, issued on March 27, 1931, to her husband, Francis Bernard Murray, in which she was named beneficiary; premiums of $15.42 were payable semi-annually on the 27th days of March and September of each year; the policy provides for several optional nonforfeiting provisions upon default in payment of premiums, and in event no one of the provisions is elected by the insured, “the insurance will be continued automatically as…