Eleogrammenos v. Standard Line Ins. Co. of the South

M-r, Justice Chambliss

delivered the opinion of the Court.

Complainant is the beneficiary of a twenty-pay life insurance policy for $2,000 on the life of her husband, who died in October, 1939'. The policy was issued in 1920. He defaulted in payment of Ms premiums May 28th, 1938, after which no further payments were made. The policy carried the usual non-forfeiture provisions for certain options to the insured, to be exercised within thirty days after default, and conditioned that, if no election was made by the insured within thirty days, the “policy shall become paid-up non-participating life…