Legal Opinion
Loyd v. Federal Kemper Life Assurance Co.
Supreme Court of Iowa
Decided June 22, 1994No. 93-639PublishedCited by 3 opinions
1Per curiam
Beneficiary appeals from the district court order denying her claim. We affirm.
Billy R. Loyd purchased life insurance from Federal Kemper Life Assurance Company (Kemper) in 1983. The policy named his wife, Barbara, as beneficiary. It provided a thirty-one day grace period for making premium payments.
Billy made timely monthly payments up to, but not including, the premium due August 1, 1991. Billy had preauthorized Kemper to withdraw the monthly payment from his bank account, but on August 9, Barbara stopped payment on the August 1 premium. Billy had obtained a different life insurance policy…
2Cases cited5 opinions
- Farm & City Insurance Co. v. AndersonSupreme Court of Iowa · 1993
- West Trucking Line, Inc. v. Northland Insurance Co.Supreme Court of Iowa · 1990
- Holbrook Bros. v. Mill Owners' Mutual InsuranceSupreme Court of Iowa · 1892
- Teucher & English v. HiattSupreme Court of Iowa · 1868
- L-C Flowers v. Provident Life & Accident Insurance Co.Tennessee Supreme Court · 1986
3Cited by3 opinions
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- Swiss Bank Corporation and O'COnnOr Investments v. Dresser Industries, Inc.Court of Appeals for the Seventh Circuit · 1998
- In Re Durability, Inc.United States Bankruptcy Court, N.D. Oklahoma · 2002