Barnett v. Metropolitan Life Insurance

Plaintiff is a policyholder of defendant, a mutual life insurance company. While the amount which he seeks to recover is relatively small, still there are a great many policyholders of the defendant company whose rights to dividends will be governed by the outcome of this case. In our discussion we will deal with what we consider only the essential facts since the submission covers a great many pages of the record.

Plaintiff is the holder of a policy of insurance containing three benefits, as follows: (1) death benefits ($5,000); (2) disability benefits, (a) waiver of the $87.95 annual…