Metropolitan Life Insurance Co. v. Daniels

Appellant Metropolitan appeals a judgment entered against it on a life insurance *1063policy, arguing that the trial court erred in holding that the decedent’s suicide did not occur within two years of the date of issuance of the policy. We reverse.

The insured completed an application for a $500,000 life insurance policy on January 1, 1994. At that time he paid $300 for which he received a “Prepayment Receipt and Temporary Life Insurance Agreement.” That temporary policy provided a maximum amount of $50,000 in insurance, and stated that it would either be replaced when the $500,000 policy was…