Texas Life Ins. Co. v. Dillehay

LATTIMORE, Justice.

This is an appeal from a judgment for plaintiff upon a life insurance contract.

Appellant issued its life insurance policy to deceased, Dillehay, on March 5, 1923, payable in the sum of $2,000 to appellee. The premiums were paid annually through March 5, 1930, at which time Dillehay borrowed from appellant, in accordance with the terms of the policy, $306 due in one year, secured by an assignment of the policy. On March 5, 1931, he renewed the note for one year, paying the interest in advance, and changed the method of paying the premiums on his life insurance to semiannual…