Fayman v. Franklin Life Insurance Company

HOUSER, Commissioner.

Action in four counts on four ordinary life insurance policies issued by Franklin Life Insurance Company on the life of Moe Fayman. Plaintiffs are Sarah G. Fay-man, beneficiary, and Sam J. Stone, as-signee. Loans on each of the policies, made on insured’s application pursuant to policy provisions, remained unpaid at the death of the insured. The company tendered $18,013.58, which represented the face amount of the policies, plus certain additions because of interest, less the amount due on the loans. Plaintiffs rejected the tender and filed suit for the face amount of the…