Mutual Life Insurance v. Brock

Opinion of the Court by

Drury, Commissioner

Reversing.

The appellee recovered of the appellant in the court below a judgment for $2,660.52, of which the appellant complains.

On March 15, 1897, the appellant issued to James E. Brock, then thirty-five 3rears old, two policies, by each of which it insured his life in the sum of $5,000.00. Appellee undertook on his part to pay an annual premium on each policy of $329.20 fop ten years. The policies were *230absolutely identical. Both were what are known as “twen-, ty-year deferred dividend policies.” Each policy provided for a settlement at the end of…