Stewart v. Penn Mutual Life Insurance

This appeal is from a judgment in favor of the plaintiff entered upon a direction of a verdict.

The defendant life insurance company, on January 6, 1917, issued a life insurance policy on the life of one Robert P. Stewart. His wife, the plaintiff herein, was the named beneficiary. The policy was lapsed in 1927 for the alleged nonpayment of the semi-annual premium due. on April 30, 1927. In accordance with the nonforfeiture provision of the policy it continued on an automatic extended insurance basis until March 31, 1929, when the cash value- became exhausted and the policy terminated. It is…