Cook v. Metropolitan Life Insurance

The opinion of the Court was delivered by

Mr. Justice Fishburne.

On June 22, 1904, the defendant issued to the plaintiff, when he was seven years of age, what is styled an industrial policy, insuring his life in the sum of $240.00. The policy, also referred to as an infantile endowment, provided for the payment of a premium of 10 cents per week. The policy continued in force until May 8, 1933, when it finally lapsed for nonpayment of premiums. But before this date it had lapsed and had been reinstated at least twice, by a premium lien agreement indorsed thereon. The original policy was…