Mutual Benefit Life Insurance v. Dunn
Court of Appeals of Kentucky
Case 72 — ACTION ON LIFE INSURANCE POLICY APPEAL FROM LAW AND EQUITY DIVISION OF JEFFERSON CIRCUIT COURT. 1. What was the full amount of the policy sued on at the date of the lapse thereof? 2. The full amount of the policy sued on at the date of the' lapse must be determined by the language of the non-forfeiture provision of the policy as follows: “When after two full annual ■premiums shall have been paid on this policy it shall cease or become void solely by the non-payment…
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Case 72 — ACTION ON LIFE INSURANCE POLICY APPEAL FROM LAW AND EQUITY DIVISION OF JEFFERSON CIRCUIT COURT. 1. What was the full amount of the policy sued on at the date of the lapse thereof? 2. The full amount of the policy sued on at the date of the' lapse must be determined by the language of the non-forfeiture provision of the policy as follows: “When after two full annual ■premiums shall have been paid on this policy it shall cease or become void solely by the non-payment of -any premium when due, the entire net reserve value of the policy and dividend additions, by the American experience…
1Opinion of the Court
JUDGE DuRELLE
delivered the opinion of the court.
This sirt was brought by appellee upon a policy of in* surance issued by appellant upon the life of Benjamin C. *594Dunn for the benefit of appellee, who was his wife. The policy was for $5,000, the annual premium of $165.80 being payable upon the 23d of March of each year, until twenty full years’ premiums should be paid, or until the death of the insured. It contained a provision that, in case of nonpayment of premium, the policy should cease and determine "subject to the provisions of the company’s non-forfeiture system,” as indorsed on the…
2Cases cited4 opinions
- Manning v. Ancient Order of United WorkmenCourt of Appeals of Kentucky · 1887
- Hopkins v. Hopkins' Adm'rCourt of Appeals of Kentucky · 1891
- Weisert v. MuehlCourt of Appeals of Kentucky · 1883
- Miles v. Connecticut Mutual Life InsuranceSupreme Court of the United States · 1893
3Cited by8 opinions
- Spring Garden Ins. v. Imperial Tobacco Co.Court of Appeals of Kentucky · 1909
- General Accident, Fire & Life Assurance Corp. v. Louisville Home Telephone Co.Court of Appeals of Kentucky · 1917
- State Mut. Life Assur. Co. v. HeineCourt of Appeals for the Sixth Circuit · 1944
- Brotherhood of Railroad Trainmen v. WilkinsCourt of Appeals of Kentucky (pre-1976) · 1935
- Northwest'n Mut. Life Ins. Co. v. Barker's Ex'x.Court of Appeals of Kentucky (pre-1976) · 1931
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