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LOYD v. FEDERAL KEMPER LIFE ASSUR. CO.

No. 93-639.

518 N.W.2d 374 (1994)

Barbara J. LOYD, Appellant, v. FEDERAL KEMPER LIFE ASSURANCE COMPANY, Appellee.

Supreme Court of Iowa.

June 22, 1994.

Attorney(s) appearing for the Case

Terry M. Anderson and Timothy J. O'Brien of Hauptman, O'Brien, Wolf & Lathrop, Omaha, NE, and Richard D. Crotty, Council Bluffs, for appellant.

Gregory G. Barnsten of Smith, Peterson, Beckman & Willson, Council Bluffs, for appellee.

Considered by McGIVERIN, C.J., and CARTER, LAVORATO, SNELL, and TERNUS, JJ.

PER CURIAM.

Beneficiary appeals from the district court order denying her claim. We affirm.

Billy R. Loyd purchased life insurance from Federal Kemper Life Assurance Company (Kemper) in 1983. The policy named his wife, Barbara, as beneficiary. It provided a thirty-one day grace period for making premium payments.

Billy made timely monthly payments up to, but not including, the premium due August 1, 1991. Billy had preauthorized Kemper to withdraw the...

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