Charles F. Holly, Respondent v. the Metropolitan Life Insurance Company, Appellant

Summary

The Court of Appeals reversed the lower court's judgment for the plaintiff and held that the insurer was entitled to forfeit the life‑insurance policy when the plaintiff failed to pay the note that extended his premium deadline. The forfeiture clause was plain, unequivocal, and enforceable, depriving the plaintiff of any right to a paid‑up policy.