Carter v. John Hancock Mutual Life Insurance

The plaintiff holds a policy on his own life, issued by the defendant, dated in August 1866, and payable to a person named in it in case of the plaintiff’s death within ten years, but to the plaintiff if he should survive that period. It is termed an endowment policy. It contains an express condition, “ that, if any premium due upon this policy shall not be paid at the day when the same is payable, this policy shall thereupon become forfeited and void; this condition, however, being subject to the provisions of the 186th chapter of the acts of the Legislature of Massachusetts in the year…