Jean D. Kampf, Plaintiff-Respondent v. the Franklin Life Insurance Company, Springfield, Illinois, a Corporation of…

Summary

The Supreme Court of New Jersey reversed the summary judgment in favor of the plaintiff and remanded for further proceedings. It held that the premium payment dates were governed by the policy's stated beginning of the first policy year, causing the grace period to expire on April 21, 1958, before the insured's death. The Court also found the waiver‑of‑premium issue insufficiently developed and sent it back for trial.