Vernon v. Equitable Life Assurance Society

This is an action on a life insurance policy brought by the beneficiary, the widow of the insured. The appeal was taken by defendant insurance company from a judgment, in favor of the plaintiff, entered after a trial to the court.

On March 25, 1926, appellant issued its ordinary life policy, in the amount of ten thousand dollars, upon the life of Enos G. Vernon. Premiums on the policy were paid as they matured until December 4, 1938, when a semiannual premium, in the amount of $123.40, fell due. Being unable to pay it, the insured applied for, and was granted, an extension of time. In…