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McMASTER v. NEW YORK LIFE INS. CO.

No. 29.

183 U.S. 25 (1901)

McMASTER v. NEW YORK LIFE INSURANCE COMPANY.

Supreme Court of United States.

Decided October 28, 1901.

Attorney(s) appearing for the Case

Mr. Henry J. Taylor for McMaster. Mr. F.E. Gill and Mr. E.A. Burgess were on his brief.

Mr. W.E. Odell and Mr. Frederick D. McKenney for the Insurance Company. Mr. George W. Hubbell was on their brief.

MR. CHIEF JUSTICE FULLER delivered the opinion of the court.

By the payment of the annual premiums in advance and the delivery of the policies, McMaster's life became insured in the sum of five thousand dollars.

The contracts were not assurances for a single year, with the privilege of renewal from year to year on payment of stipulated premiums, but were entire contracts for life, subject to forfeiture by failure to perform the condition subsequent of payment...

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