Mr. Justice Van Devanter delivered the opinion of the court. This was an action in the Circuit Court for the Western District of Pennsylvania on a policy,of insurance on the life of Alexander W. Slocum, The policy was for $20,000, was an ordinary life contract on the 20-year accumulation plan, was payable to the executors, administrators or assigns of the insured, became effective November 27, 1899, and called…
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