Morton v. Equitable Life Insurance

This is an action upon a life insurance policy for $5,000, issued by the defendant-appellant upon the life of Frank H. Morton, on September 16, 1931. The insured died October 16, 1931. The plaintiff is the widow of the insured and the beneficiary named in the policy’ of insurance. The policy in the action contained the following provision:

“3. Suicide. If within one year from the date of issue the insured shall commit suicide, whether sane or insane, the liability of the Company shall be limited to the amount of premiums paid in cash on this policy.”

■ The first premium of $152.30 was paid. The…