Jagoe v. Aetna Life Ins.
Court of Appeals of Kentucky
Case 68 — ACTION BY COURTNEY D. JAG-OE AGAINST THE AETNA LIFE INSURANCE COMPANY, Appeal from Jefferson Circuit Court (Chancery Branch, 1st Division.) Shackelford Miller, Judge. Judgment for Defendant. Plaintiff appeals. 1. The interest which appellant agreed to pay on the loan, and which was the maximum rate authorized by law, was the sole consideration of the loan.
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Case 68 — ACTION BY COURTNEY D. JAG-OE AGAINST THE AETNA LIFE INSURANCE COMPANY, Appeal from Jefferson Circuit Court (Chancery Branch, 1st Division.) Shackelford Miller, Judge. Judgment for Defendant. Plaintiff appeals. 1. The interest which appellant agreed to pay on the loan, and which was the maximum rate authorized by law, was the sole consideration of the loan. If to this interest, which was at the rate of 6 per cent, per annum and payable annually in advance, any other thing of value was added to be parted with by him, or if any disadvantage was to be suffered by him as a further…
1Opinion of the Court
Opinion by
John D. Carroll, Commissioner
Affirming.
On the 3a day of May, 1900, the appellee issued to M. H. Jagoe a policy of insurance for $1,500 payable to appellant. He paid the first premium of $69.89, and on the 3d day of May, 1901, 1902, and 1903, paid the annual premium. He failed to pay the premium which became due May 3, 1904, and on September 6, 1904, died. The policy issued to him provides in section 3 that “when the premiums on this policy have been duly paid for two years or more, and default thereof occurs in the payment of any premium, this policy shall cease as to the right to…
2Cases cited7 opinions
- Fidelity Mut. Life Ins. v. PriceCourt of Appeals of Kentucky · 1903
- New York Life Insurance v. N. L. Curry & Bro.Court of Appeals of Kentucky · 1903
- Montgomery v. Phoenix Mutual Life InsuranceCourt of Appeals of Kentucky · 1878
- Mutual Life Ins. v. TwymanCourt of Appeals of Kentucky · 1906
- Drury's Admx. v. New York Life Ins.Court of Appeals of Kentucky · 1903
2 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Wendorff v. Missouri State Life InsuranceSupreme Court of Missouri · 1927
- Emig's Admr. v. Mutual Benefit Life Ins.Court of Appeals of Kentucky · 1907
- Metropolitan Life Ins. Co. v. LillardSupreme Court of Oklahoma · 1926
- Ohio State Life Insurance Company v. Ray A. ClarkCourt of Appeals for the Sixth Circuit · 1960
- Meridian Life Ins. Co. v. HobbsSupreme Court of Alabama · 1917
4 more not listed; retrieve them via the Exa API.