Kelly v. Prudential Insurance Co. of America

At the close of the evidence, both parties moved for a directed verdict. The court sustained plaintiff’s motion.

October 1, 1913, defendant issued a twenty-payment life policy for $3,000 to Thomas M. Kelly, for a premium of $69.78, payable annually. He paid 19 annual premiums. At the end of the nineteenth year the policy had a cash surrender and loan value of $1,191, as shown by the printed table which is a part of the policy. The last or twentieth premium payment came due October 1, 1932. ■ It was never ■paid in cash, but plaintiff claims the insured1 was entitled to credits which would have…