Ritter v. American Life Insurance

This action was brought to recover on a policy of life insurance. The policy was issued on the 19th day of May, 1919. The annual premium of $27.40 was paid when the policy was issued. The second annual premium was not paid, but on the 28th day of April, 1920, one J. L. Ritter, on behalf of the insured, gave to the defendant his promissory note for the amount of the annual premium on the said policy, payable on the 1st day of November, 1920, in consideration for which note defendant waived the forfeiture clause contained in said policy. The note was not paid when due, nor at all, and after…