William Henry Wall, Jr. And Hallie A. Wall v. The Mutual Life Insurance Company of New York

GODBOLD, Circuit Judge:

This is a Georgia diversity suit for wrongful cancellation of a life insurance policy on the life of Dr. William H. Wall, Sr. Georgia law permits a suit for wrongful termination of a policy to be brought immediately by the insured or upon maturity of the policy. The alleged wrongful termination occurred in 1962, and no premiums were paid thereafter. After the termination the company maintained a reduced amount of paid up term insurance on the insured until early 1964. He died in 1967, and his beneficiaries sued, claiming damages for breach of contract, a statutory…