Roeser v. National Life Insurance

Opinion by

Parker, J.,

Martin J. Roeser, on November 7, 1910, obtained from the defendant a twenty-payment insurance policy for $5,000 on his life and the policy became fully paid in 1930. The insured died January 23,1934, and thereafter the plaintiff, beneficiary named in the policy, brought this action to recover the face of the policy. The defendant, in its affidavit of defense, denied any liability by reason of the alleged facts that the assured had borrowed on loan agreements on the security of the policy various, sums aggregating, on November 7, 1931, $3,043.74; that assured on March 9,…