Bankers Life & Loan Ass'n v. Jayroe

BROWN, Justice.

Appellant, Bankers Life & Loan Association, on April 10, 1934, issued an insurance policy, designated on its face as a “full life policy,” for the sum of $500, to Mrs. Ada M. Jayroe,' the insured, and named J. R. Jayroe, her husband, as beneficiary. The face of the policy shows that the monthly premium charged was $2.12.

The insured died within less than twelve months after the policy was issued and delivered, and all premiums had been promptly paid. On the back of the contract there are some thirteen paragraphs designated “General Provisions.” In the eleventh paragraph it is…