Drury's Admx. v. New York Life Ins.
Court of Appeals of Kentucky
Case 83 — Action by Charles N. Drury’s Admx. against the New . York Life Insurance Company on a Policy of Insurance.— APPEAL FROM UNION CIRCUIT COURT. Prom a Judgment Granting Insufficient Relief Plaintiff Appeals. ■The policy sued on was issued July 7, 1897,, and one year’s premium paid in advance, and the premiums due July 7, 1898, and July 7, 1899, were likewise paid in cash.
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Case 83 — Action by Charles N. Drury’s Admx. against the New . York Life Insurance Company on a Policy of Insurance.— APPEAL FROM UNION CIRCUIT COURT. Prom a Judgment Granting Insufficient Relief Plaintiff Appeals. ■The policy sued on was issued July 7, 1897,, and one year’s premium paid in advance, and the premiums due July 7, 1898, and July 7, 1899, were likewise paid in cash. The policy expressly prO-v-idleO that after it has been in force three years it can not be forfeited. Under ¡the terms of the policy, after making [three full caáh payments the policy was extended without request or…
1Opinion of the Court
Opinion op the court by
CHIEF JUSTICE BURNAM
Reversing.
On the 7th day of July, 1897, the New York Life Insurance Company issued and delivered to Charles N„ Drury a policy for $1,000 upon the 20-years payment life plan, payable to his executors, administrators, or assigns, or such other beneficiary as might be designated by the insured, in consideration of $29.70 paid in advance, and the payment of a like sum on the 7th day of July in every year during the continuance of the policy until twenty full years’ premiums should have been paid. As an inducement to take the policy, the company offered…
2Cited by14 opinions
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- Jarvis v. National CityKentucky Supreme Court · 2013
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