Fidelity Mutual Life Insurance v. Heltsley

Opinion of the Court by

Chief Justice Rees

Affirming.

On April 6, 1926, tbe Fidelity Mutual Life Insur;ance Company issued to Albert Newman Heltsley a policy of insurance on bis life for $1,000. Tbe insured’s mother, Mary E. Heltsley, was made tbe beneficiary. On July 30, 1931, tbe insured procured a loan of $157 on tbe policy. On July 7, 1932, tbe insured and tbe beneficiary, Mrs. Mary E. Heltsley, executed and mailed to tbe company tbe following writing:

“Surrender and Cancellation of Policy Contract. . Tbe insured and beneficiary under policy no. 394007, issued on tbe 5tb day of April, 1926 on…