Schmidt v. Prudential Insurance Co. of America

The following opinion was filed June 4, 1940:

Nelson, J.

For nineteen years prior to 1925, the plaintiff was employed by the defendant as its agent and assistant superintendent in its Milwaukee office. In 1925, he applied for a modified-life, immediate-benefit, twenty-year income policy, with accidental-death and disability-income benefits, under which the premium was to be paid monthly. The rates applicable to such a policy were not detailed in the defendant’s rate book. Whenever an application for such a policy was made, the monthly premium had to be figured by the defendant’s mathematical…