Pacific Mutual Life Insurance Company v. Butler

"We adopt the statement of the case made by counsel for appellee as follows:

“Appellee sued appellant on a policy of life insurance, claiming to have suffered total and permanent disability thereunder. The amount sued for was $2,677, which appellee contends is the present worth of the payments provided in the policy of $20 per month for his expectancy of 19.49 years. The proof shows that the policy lapsed for nonpayment of premium, and appellee applied for reinstatement -within five days thereafter, paid- the premium, and executed the reinstatement blank. In the reinstatement blank signed by…