State Reserve Life Ins. Co. v. Carter

ALEXANDER, Justice.

This suit was brought by Mrs. Carter against State Reserve Life Insurance Company to recover on a life insurance policy in the sum of $2,500, issued on the life of plaintiff’s deceased husband, M. O. Carter. The case was submitted to the court on an agreed statement of facts and judgment was rendered for the plaintiff. The defendant appealed.

The policy in question was issued and delivered on October 1, 1931. It provided for the payment of a premium of $92.90 annually in advance but permitted the insured to elect to pay the premiums quarterly. The premium for the first year…