Lincoln Reserve Life Insurance v. Jones

Appellee, beneficiary in a life insurance policy for $1,000, No. 2684, issued by appellant to Amanda Harris, brought suit, after her death, against appellant to recover $758.04, alleging that said amount was due him after deducting the amount loaned on the policy by appellant to the insured and himself. He also prayed in the complaint for the statutory penalty of 12 per cent, and a reasonable attorney’s fee.

Appellant filed an answer, admitting the issuanceof the policy to Amanda Harris, insuring her life for said sum, payable at her death to appellee, and that the amount due on the policy…