OPINION BY MR. JUSTICE O'BRIEN, October 16, 1974:
On June 13, 1968, appellee, Connecticut Mutual Life Insurance Company (Connecticut) issued a policy of life insurance in the amount of $150,000 on the life of one John E. Jafolla. The beneficiary of the policy was appellant, Aljax Corporation (Aljax), of which Mr. Jafolla was president.
The policy premiums were to be paid through a system known as the ConnMuMatic Check Service. Under this plan, Connecticut...
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