Trager v. Louisiana Equitable Life Insurance

The opinion of the court was delivered, by

DeBlanc, J.

This suit is brought on two policies of insurance for *236each $5000, issued and delivered by defendant in favor of the minor children of Jefferson Thomas, on the life of their father.

The company admits the issuance of the policies, but denies its liability, on the grounds :

1. That the premium due and payable at the issuance of the policies, and the interest on the loan note have not been paid.

2. That — instead of paying the premium in cash, as is alleged in the policies, the assured gave his promissory note, in which are included the premium…