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MUTUAL LIFE INS. CO. v. DADDY$ MONEY, INC.

No. 21105.

646 S.W.2d 255 (1982)

MUTUAL LIFE INSURANCE COMPANY OF NEW YORK, Appellant, v. DADDY$ MONEY, INC., Appellee.

Court of Appeals of Texas, Dallas.

Rehearing Denied January 31, 1983.

Attorney(s) appearing for the Case

Larry M. Lesh, Locke, Purnell, Boren, Laney & Neely, Dallas, for appellant.

Bertran T. Bader, III, Bader & Cox, Dallas, for appellee.

Before STEPHENS, SPARLING and VANCE, JJ.

STEPHENS, Justice.

This dispute arises over the sum of death benefits due under two identically worded life insurance policies. After the death of the insured, the carrier, appellant Mutual Life Insurance Company of New York (MONY), tendered payment of $7,989.30 to the beneficiary, appellee Daddy$ Money, Inc., contending that prior to the death of the insured, premium payments had been discontinued and that, under the terms of the policies, coverage had been reduced...

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