Pope v. New York Life Insurance

STURGIS, J. —

This is an action on a policy 'of insurance on the life of plaintiff’s husband, she being the beneficiary. The cause of action, is bottomed on the non-forfeiture statute- of this State providing for temporary insurance in case of failure to pay premiums, being section 1987, Revised Statutes 1899, now amended section 9646 Revised Statutes 1909. The policy is dated February 27, 1902. The payment of the amount, $6500 in one sum or $10,000 in deferred annual payments, at the death of the insured is conditioned on the payment of the annual premium of $584.60. The first two annual…