North Carolina Mut. Life Ins. v. Banks

This was an action by the beneficiary Gertie Mai Banks to recover on an industrial policy on the life of her mother, Lilie Armstrong.

The policy provided for the payment of $100 in case of death by natural causes and for double indemnity in ease of accidental death before the age of 60 years.

The policy provides “that if the age of the Insured has been misstated, the amount payable hereunder shall be such as the premium •would have purchased at the correct age.” It further provides: ‘ ‘ If, however, the true age of the insured at date of issue is greater than the oldest age accepted by the…