Praetorians v. McCrary

There was a peremptory instruction granted in the Circuit Court of Lauderdale County in favor of the appellee, Mrs. Julia McCrary, against -the appellant, the Praetorians, a life insurance company, for the recovery of the face value of an insurance policy on the life of her son, D. L. McCrary, in the sum of $1,000, with accrued interest, less an indebtedness in the sum of $33, representing a full cash or loan value of the policy at the time the indebtedness was incurred.

The defense is that the policy was forfeited for nonpayment of the premiums at a time when no cash or loan value remained…