Satery v. Great American Reserve Insurance Co.

McDONALD, Chief Justice.

This is an appeal from a summary judgment in favor of defendant Insurance Company. Parties will be referred .to as in the Trial Court.. The facts were agreed upon by the parties and are:

On 25 August 1953 defendant Insurance Company issued Mrs. Mildred Satery a $1,000 policy on her life, in which her two sons, plaintiffs herein, were named as beneficiaries. Premiums on this policy were paid through 25■ October 1953. The laws of Texas provide for and the policy contained a provision that a grace period of 31 days will be allowed for the payment of each premium and…