Bankers Security Life Insurance Society v. Goldfarb

The court has previously held that plaintiff insurer is not entitled to rescind a policy of insurance on the life of John Yocale and that Yocale’s widow, defendant Baumel, is entitled to recover on the policy. By stipulation defendant Goldfarb is to receive a proportionate part of the widow’s recovery. The question now presented is what the widow is entitled to recover.

The policy in question is a $20,000 ordinary life policy with double indemnity for accidental death and with family income benefit. The family income rider provides for payment of monthly income of $200 beginning one month from…