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STANDARD INS. CO. v. WISTING

No. 12330.

180 F.2d 1014 (1950)

STANDARD INS. CO. v. WISTING.

United States Court of Appeals Ninth Circuit.

March 24, 1950.

Attorney(s) appearing for the Case

Winfree, McCulloch, Shuler & Sayre, Portland, Or., for appellant.

David Sandeberg and Bardi G. Skulason, Portland, Or., for appellee.

Before BONE, Circuit Judge, and GOODMAN and MATHES, District Judges.

BONE, Circuit Judge.

The insured paid premiums on a $5,000 life insurance policy for nineteen years. The premium which fell due two months before his death was not paid when due nor within the 30 day period of grace. It is conceded by both parties that if the interest on the insured's policy loan1 be accrued from day to day for the purpose of determining the "existing indebtedness hereon, with interest" (under the provisions of the automatic...

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