Neal v. Columbian Mutual Life Assurance Society

J. Morgan Stevens,

of Jackson, for appellee.

Where insured, who had paid more than three years premiums on a life policy, procured a loan to the full value of the policy and then defaulted in the payment of the interest premiums and principal, the insurance was not extended under a nonforfeiture clause providing that after three full years premiums should have been paid, the policy should be automatically extended on nonpayment, provided it should be free from debt, since in such case the policy was not free from debt.

Fidelity Mutual Ins. Co. v. Oliver, 111 Miss. 133, 71 So. 302,

Whatever debt…