Equitable Life Assur. Soc. v. Brandt

FOSTER, Justice.

This suit is by appellee, the beneficiary of two policies of life insurance on her husband, who died.

Policy No. 3,632,902. — Count No. 2.

The defendant, appellant, claimed in its pleas and evidence that the policy had lapsed for nonpayment of a quarterly premium due November 20, 1935, and that the surrender value at that time was not sufficient to extend its benefits to the time of his death, — all dependent upon certain quoted provisions of the policy, as follows:

“The Equitable Life Assurance- Society of the United States, a mutual company organized July 26, 1859, hereby…