Protective Life Ins. Co. v. Thomas

This is an action on a policy of life insurance issued by the defendant to the plaintiff’s husband, naming the plaintiff as the beneficiary. The policy in question is what is commonly known as a 20-payment participating policy, and it is shown without dispute that 20 full premiums had been paid, the last payment being made on the 27th of October, 1927, converting the policy into a “paid up” policy, by which the defendant engaged to pay to the named beneficiary $5000 on due proof of the death of the insured.

The evidence is also without dispute that, the insured died on the 11th day of January,…