Rice v. Palmetto State Life Insurance Co.

The opinion of the Court was delivered by

Mr. Associate Justice Baker.

On May 27, 1935, the Palmetto State Life Insurance Company issued a policy of insurance upon the life of one Louise Rice, the respondent herein, for the sum of $306.00. The policy was taken out by the respondent’s mother, Mrs. Lillian Liester, who was named beneficiary, who paid the premiums, and who retained the policy in her possession. The policy contained neither sick nor accident benefits, nor cash surrender nor loan values. It was a straght life policy payable to Mrs. Liester upon the death of her daughter, the…