93 Mo. App. 602 | Mo. Ct. App. | 1902
This is an action on a policy of life insurance issued June 1, 1900, wherein plaintiff is the beneficiary, her husband, James E. Leeper, being the party insured. He died the following February and defendant refused to pay. The judgment in the trial court was for plaintiff.
Among other things, the policy recited that in consideration of a former certificate issued by defendant, “and the payment of $40.55, being the premium for one years’ insurance, and in consideration of the further payment of a like amount on or before the first day of June in every year thereafter,” ■ the defendant promises to pay $3,000 upon the death of the assured.
In point of fact the assured only paid a lesser portion of the premium thus acknowledged to have been paid, for the balance, he executed his promissory note for $30.4Y due on September 1, following with seven per cent interest. The policy contained a provision that a failure to pay any note, principal and interest, when due would render it null and void. The assured did not pay the note when due; nor was it paid prior to his death, nor since then. The plaintiff undertakes to support the judgment on the ground that since the policy acknowledged the receipt of the first year’s pre