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Gallardo vs. Morales

FRANCISCA GALLARDO, plaintiff-appellee, vs. HERMENEGILDA S. MORALES, defendant-appellant.

G.R. No. L-12189 | 1960-04-29

EN BANC
Decision

CONCEPCION, J.:
 
The issue before us is whether a personal accident insurance which "insures for injuries and/or death as a result of murder or assault or attempt thereat" is a life insurance, within the purview of Rule 39, section 12, subdivision (k) of the Rules of Court, exempting from execution.
 
All moneys, benefits, privileges, or annuities accruing or in any manner growing out of any life insurance, if the annual premiums paid do not exceed five hundred pesos, and if they exceed that sum a like exemption shall exist which shall bear the same proportion to the moneys, benefits, privileges, and...