Massachusetts Mutual Life Insurance v. Vogue, Inc.

This case involves the validity of the purported conversion of life insurance from ordinary life to paid-up participating insurance. Massachusetts Mutual Life Insurance Company filed the bill for a declaratory judgment adjudicating the extent of its liability upon three life insurance policies for the aggregate face amount of $100,000.00 upon the life of Louis Liberman.

When the policies were issued and at the date of Mr. Liberman’s death April 30, 1960, he was President and managing head of the named beneficiary, defendant Vogue, Inc. For many years prior to 1958, Yogue, Inc., had paid the…