Independent Life Ins. Co. v. Woods

Appellee’s son, one Frank Woods, had his life insured by appellant corporation, naming appellee as the beneficiary, etc. The policy was issued on February 21, 1927, which was on Monday, at which time a weekly premium of 25 cents was, according to all the testimony, paid. A pertinently important portion of the first paragraph of the said policy is in the following language: “The Independent Life Insurance Company of America, incorporated under the laws of the State of Tennessee, in consideration of the payment of the weekly premium stated below on or before each Monday during the continuance…