Jacobs v. Louisiana Industrial Life Ins. Co.

This is a suit on a policy of industrial life insurance. The face amount of the policy is $200. The defense is that at the time of the death of the insured the policy had lapsed and that because of policy conditions recovery must be limited to $6.90, which is the value of a fully paid policy, which, at the time of the lapse could have been purchased with the accumulated reserve.

From a judgment for the full amount sued for, defendant insurer has appealed.

The insured was Milton Jacobs or Jacob, and the beneficiary designated in the policy is Josephine Jacobs.

The policy was issued on November…