Life & Casualty Ins. Co. of Tenn. v. McCray

On March 3,1930, the appellant, an insurance company, issued to Jonas McCray a policy of life insurance for $500 payable to Ms wife, the appellee in this court. The policy íapsed.in June, 1931, for non-payment of a premium within the period of grace, but in August, 1931, it was reinstated with, the. company’s consent. On May 10, 1932, the.insured committed suicide. If suicide occurred within a year from the date of issue of the policy, the insurer’s liability was limited to a return of any premiums paid by the insured. If suicide occurred after the expiration of the year, the liability was…