Felderman v. Inter-Southern Life Insurance

Opinion by

Mr. Justice Schaffer,

This is an action of assumpsit upon a life insurance policy in which the sole question raised is whether the policy was in force at the death of the insured on November 9,1930. The court below determined that it was not and accordingly entered judgment for defendant.

The policy had lapsed for nonpayment of premiums on September 15, 1930, after it had been in force for three years. There was an outstanding loan against the policy of $107 which had been made by the company in July of 1930.

The policy states: “This insurance, for the first year, is preliminary term…