Busto v. MANUFACTURERS LIFE INSURANCE COMPANY

This is a declaratory judgment proceeding to determine the respective rights of the parties under an endowment insurance contract. Plaintiff maintained this action both individually and as the personal representative of his parents’ estates. Plaintiff’s father, the insured and a Cuban refugee, died in 1967, and plaintiff’s mother died in 1974. Plaintiff’s complaint alleged that the defendant insurance company, a Canadian corporation, owed $2,000, plus interest, under the terms of the policy, but had offered to pay only $699.05. Defendant’s answer alleged that the contract had been amended by…