McCain v. Lamar Life Insurance

On August 30, 1921, appellee life insurance company issued and delivered its policy of insurance, No. 23331, on the life of Mrs. Buby S. McCain, payable to appellants as beneficiaries. The policy was a 20-pay special coupon premium policy, and was for the nominal face amount of $3,000, but, because of the coupons and the special features of the contract imported therein by the coupons, the actual amounts payable upon death, or on other contingencies or options therein contained, were governed by two detailed tables of guaranteed values which were written into the policy as a particular or…