Jenkins v. Union Central Life Insurance

The opinion of the court was delivered by

Porter, J.:

The insurance company issued a policy for $1,500 on the life of Homer M. Jenkins, payable to his mother, Mary C. Jenkins, at his death, or to his executors, administrators and assigns, if she should not survive him. The policy was to be fully paid up when twenty annual payments were made. It matured on September 15, 1920. It contained an option for a cash settlement on that date by legal surrender to the company in lieu of its reserve value *553in cash with four per cent interest. In the application the insured was asked: “If an endowment, to…