United Bankers Mut. Life Ins. Co. v. Clemons

HALL, Justice.

Appellees, hereinafter named, purchased from appellant a combination life insurance policy and a contract to purchase stock in appellant company. The policies, designated as Special Patron’s Investment Policies, *624were issued as follows: Barney C. Clemons, No. 588, issued on June 25, 1948, in the sum .of $25,000, with initial premium of $2,198.-50; Roy Harrison King1, No. 598, in the amount.of $25,000, issued on June 10, 1948, with initial premium of $1,921; Albert Adolph Brockriede, No. 583 for $12,500, issued on June 24, 1948, and another policy No. 584 of like amount, bearing…