Robison v. Union Central Life Insurance

Citations

• 96 Kan. 237
• 150 P. 564
• 1915 Kan. LEXIS 356

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Life Insurance — Construction of Policy■ — Reserve Value of Policy Payable to Assured after Twenty Years. Where a life insurance policy, dated April 27, .1893, is taken out and paid for by the insured and is made payable to the insured’s wife in the event of his death, and provides that upon legal surrender of the policy the company will on the thirtieth day of April, 1913, pay the entire reserve value of the policy, amounting to $932, if the policy shall not have been previously terminated by lapse, death or limitation, and in the application, which is made a part of the policy, the insured stipulates that the reserve shall he paid to himself, he can enforce payment of the- reserve to himself upon the surrender of the policy after April. 30, 1913, even if the beneficiary in the policy refuses to consent to such surrender or payment.</p>