Maddox v. Mutual Life Insurance

Opinion of the Court by

Judge Thomas

Affirming.

On February 13, 1897 the appellee and defendant below, Mutual Life Insurance Company of New York, issued to the appellant and plaintiff below, J. H. Maddox, a policy of insurance on his life which was denominated, “Five Per Cent G-old Twenty-Year Bond Policy,” by which defendant agreed to pay to the executors, administrators or assigns of the insured, if he died within twenty years thereafter, ten five per cent gold bonds payable twenty years from date with interest payable semi-annually, but the policy was subject to the conditions and agreements…