Alton B. Raney and D. P. Raney, Administrators of the Estate of Thomas Jefferson Raney, Jr., Deceased v. Piedmont Southern Life Insurance Company

MATTHES, Circuit Judge.

On August 12, 1965 Dr. Thomas J. Raney died as the result of an automobile accident. Subsequently, his administrators, hereinafter plaintiffs, filed suit to recover double indemnity under a policy of life insurance issued by defendant, Piedmont Southern Life Insurance Company, hereinafter Company, on the life of Dr. Raney in the amount of $40,000.00. The Company resisted payment on the ground that the policy had lapsed for nonpayment of premiums. The trial resulted in a verdict for the Company. From the judgment entered thereon, plaintiffs have appealed. Jurisdiction…