The parties will be referred to as in the trial court.
Greer Elmer Moss was issued a policy of insurance on his life on April 16, 1947. His wife, Hattie Mae Moss, while not the original beneficiary, did become such. Guy Bauguess was assigned the policy to secure the payment of a loan he had made to the insured. The insured died on November 28, 1953. Mrs. Moss and Mr. Bauguess were the plaintiffs....
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