Hemphill v. New York Life Insurance

Opinion op the Court by

Judge Sampson

-Affirming.

The policy of life insurance, which is the basis of this controversy, was issued to appellant James C. Hemp-hill on November 3, 1894, insuring his life in the sum of $2,000.00, his daughter, Theo Hemphill, being the beneficiary. Hemphill was then thirty-seven years of age, and the annual premium on the policy was $61.80. Some of the premiums were paid as they came due. Later Hemphill obtained several loans on the policy from the company amounting to a total sum of $642.00-, and this was an indebtedness against the lien upon the said policy.…