Penn Mut. Life Ins. Co. v. Fiquett

BROWN, Justice.

This is an action of assumpsit by the beneficiary named in an “ordinary life policy, annual dividend,'” issued by the defendant tp William Fiquett, on the 18th of September, 1916, in consideration of a premium of $57.90 paid on the date of the issuance of the policy, and an agreement to pay a like sum on each anniversary of the policy.

The evidence is without dispute that the annual premiums were paid on the policy up to and including the premium due September 18, 1926, but the insured failed to pay the premium due September 18, 1927. On the date of the default in payment of the…