Equitable Life Assurance Society of the United States v. McDaniel

Opinion of the Court by

Judge Rees

Reversing.

On June 1, 1918, the appellant, Equitable Life Assurance Society of the United States, issued to the Standard Oil Company of Kentucky, a group life insurance policy by which it insured the lives of certain employees of the Standard Oil Company. Henry T. Me- Daniel was at the time one of the employees of the Standard Oil Company who became insured in the sum of $500 under this policy, and by the terms of the policy his insurance was automatically increased $100 each year until June, 1923, when it became $1,000. The employees paid no part of the…