Cannon v. Lincoln National Life Insurance

The defendant insurance company issued its policy to and on the life of F. W. Coats, a resident of Wisconsin, payable on his death to his wife, the defendant Lucile Elizabeth Coats, in case she survived him, unless previously paid on surrender of the policy under other provisions in it or the name of the beneficiary were changed. Other provisions of the policy are that the policy by its terms is payable to the insured at the age of eighty-five; the cash surrender value is payable to him on surrender of the policy within one month after default in payment of a premium; and. the insured has the…