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STATE MUT. LIFE ASSUR. CO. OF WORCESTER v. ZIMMERMAN

255 S.W.2d 1004 (1953)

STATE MUT. LIFE ASSUR. CO. OF WORCESTER, MASS. v. ZIMMERMAN.

Court of Appeals of Kentucky.

March 6, 1953.

Attorney(s) appearing for the Case

William M. Bullitt, Malcolm Y. Marshall, Louisville, Bullitt, Dawson & Tarrant, Louisville, for appellant.

Simeon S. Jacobs and Wilbur Fields, Louisville, for appellee.

CULLEN, Commissioner.

This appeal is by the State Mutual Life Assurance Company of Worcester, Massachusetts, from a judgment in favor of the appellee, Mrs. Jean G. Zimmerman, in the amount of $3,000, representing the face amount of an insurance policy on the life of Mrs. Zimmerman's deceased husband. The judgment was based on the theory that, although the policy had lapsed by nonpayment of premiums, the policy had a "reserve value" sufficient to provide extended insurance...

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