Hetchler v. American Life Insurance

In 1916, Clarence O. Hetcbler of Flint, Michigan, took out a $12,000 20-year endowment insurance-policy with the Northern Insurance Company, which later was merged with the American Life Insurance Company, defendant herein. The policy provided that in case of default in the payment of subsequent premiums after three annual premiums had been paid, assured would be entitled to certain surrender and loan values, paid-up insurance or extended insurance, in accordance with the number of annual premiums that had been paid. It was also provided that the policy might be reinstated at any time during…