Thorson v. Wisconsin Life Insurance

The plaintiff is the beneficiary under a life insurance policy issued by the defendant on the life of her deceased husband. The evidentiary facts are stipulated. On these facts the court entered judgment for the amount of the policy, and the company appeals.

The policy was less than a year old, so there was no reserve to apply to payment of premiums. Premiums were paid quarterly in advance. A quarter’s premium of $50.05 fell due on February 6, 1937. Previous premiums were all paid in full. All had been paid by checks and premium notes, and both checks and notes' had all been paid by the…