National Equity Life Insurance v. Parker

Appellant issued a policy of insurance upon the life of Joseph W. Parker, payable upon his death to his wife, which contained this recital: “This policy is issued in consideration of the application here-for, a copy of which is attached hereto and made a part hereof, and of the payment in advance of seventy-sis and 08/100 dollars, being the premium for one year’s term insurance from the date hereof and the advance reserve required by law, and the further payment of a like amount on or before the 1st day of July in every 3^ear thereafter during the continuance of this policy.” The policy was…