On a life insurance application, Fletcher stated that he was a salesman. He was actually a window washer. After the policy was issued, the insurance company discovered the truth and sought to cancel the policy. Should it succeed?
Burgess had a $50,000 life insurance policy with a double indemnity clause. Burgess had not yet paid the annual premium of $200 when he was killed in an automobile accident. How much will his beneficiary receive?