Morgan v. Northwestern National Life Insurance

— Action on a life insurance policy. The policy contained the provision that all premiums were payable in advance. It also contained a provision that premiums might be paid to agents producing receipts- signed by the president and secretary and countersigned by the agent, and that nonpayment of any premium when due should forfeit the premiums paid on the policy, and terminate the liability of the company therein. It also contained the following provision:

“Notice — That each and every payment of premium is due at the date named in the policy, is given and accepted hg the delivery and…