Atlantic Life Insurance v. Ring

This cause was submitted upon bill and answer. A decree was entered denying the complainant insurance company the right to set-off against its obligation due the defendant a debt of some $9,000, due by the defendant to the complainant.

In 1920 the insurance company issued to Ring a $25,000 life insurance policy to which was attached a supplemental agreement whereby the insurance company agreed that if Ring shall furnish satisfactory proof that he has become totally and permanently disabled then it shall continue the contract by waiving subsequent premiums during the continuance of his…