Goodwin v. Northwestern Mutual Life Insurance

— The late Erwin S. Goodwin, May 16, 1906, received from defendant, The Northwestern Mutual Life Insurance Company (a mutual company authorr ized to write insurance in the state of Washington), two ten year convertible term policies upon his life, each in the principal sum of $2,500, payable to the plaintiff, Eda M. Goodwin, his wife. The insured, for a specified period, had the right to convert the policies into ordinary life insurance, and May 24, 1916, received from defendant two ordinary life policies, each in the principal sum of $2,500, paying therefor - the sum of $889.02. These latter…