Steiner v. Equitable Life Assurance Society of United States

Action on a life insurance policy. Defendant insured the life of plaintiff’s husband in the sum of $10,000, but now *293resists payment on the ground that the policy lapsed before the death of the insured. On June 22, 1928, an annual premium of $608 became due. The insured applied to the defendant for an extension of time within which to pay the premium, accompanying the application for an extension with a check for $116.80. The application was granted and the payment of the balance extended to September 22, 1928. On that date the insured failed to pay the amount due and on the 17th day of…