Barutio v. New York Life Insurance

This is an action in equity to compel defendant to reinstate a policy of life insurance in the sum of two thousand dollars, issued to plaintiff by defendant, on December 3, 1929, and which lapsed for nonpayment of quarterly premium due on June 3, 1939.

The trial resulted in a judgment for defendant, and plaintiff appeals.

The policy was issued in consideration of the payment in advance of a premium of $70.34, which continued the policy in force to December 3, 1930, and the payment of a like sum on December 3, 1930, and every twelve months thereafter during the insured's lifetime.

The policy…