Tennessee Supreme Court March 17, 1950 (Universal Life Ins. v. Lillard)

Mr. Justice Tomlinson

delivered the opinion of the Court.

In consideration of a weekly premium of twenty-five (25c) cents Universal Life Insurance Company issued its industrial policy insuring the life of Ada B. Lillard in the face amount of $230.00. Virginia Lillard is named beneficiary. The insured died May 20, 1948 after the issuance of the policy on February 17, 1947.