James Clark McReynolds,
United States v. Arzner — Opinion of the Court
“ Indeed, the veteran made payments when in fact entitled to receive monthly benefits for total disability. If the converted policy had been allowed finally to lapse because of nonpayment of premiums, the agreement between the parties would have been fully complied with. Nevertheless the proper admission is that under such circumstances there could have been a recovery on the original policy, upon actual surrender of the expired policy. The government now has possession of the canceled converted policy and is in no worse position than it would be in the supposed circumstances. ”
