Coastal States Life Insurance v. Raphael

CARROLL, Judge.

The appellant Coastal States Life Insurance Company is the successor to a company which issued a policy to the appellee in 1956. The insurance was applied for through an agent of the company, who, after certain conferences with the applicant, furnished the latter a prospectus setting forth the figures with reference to the policy, including the amounts payable or returnable on an endowment basis at the end of 15 years. The policy, as issued, made provision for payment or return of lesser amounts in certain respects than as prescribed for it in the prospectus. The insured did…