Concoff v. Occidental Life Insurance

Plaintiff as beneficiary got judgment for the face amount (less loans) of a life insurance policy written by defendant Occidental Life Insurance Company on the life of plaintiff’s late husband Nathan Moses Coneoff. Appellate Division, First Department, affirmed unanimously without opinion and wb granted leave to appeal. Occidental had refused payment on the alleged ground that, at the time of the death of the insured on May 23,1954, current and earlier premiums had not been paid and that since the indebtedness exceeded the cash surrender value the policy had lapsed. The beneficiary took -the…