Williams v. Peoples Industrial Life Ins. Co. of Louisiana

WESTERFIELD, Judge.

Lizzie Williams, the plaintiff and appellant, is the beneficiary of an industrial life insurance policy issued 'by the Peoples Industrial Life Insurance Company of Louisiana, the defendant and appellee, for the principal sum of $75. The policy contained a provision that for every year it was kept in force an additional two percent of the face value would be added to the principal sum. The insured, Sam Williams, died January 12, 1938. The policy, which was issued on October 20th, 1924, lapsed for the nonpayment of premiums on October 3rd, 1932, or five years, three months,…