Bankers Security Life Insurance Society v. Shakerdge

—Judgment, Supreme Court, New York County, entered June 6, 1978, which, after a nonjury trial, awarded the proceeds of two insurance policies to defendant Margareta Shakerdge, unanimously reversed, on the law, without costs or disbursements, and judgment is directed to be entered in favor of defendant Abraham Shakerdge, awarding him the proceeds of the two insurance policies. Joseph Shakerdge had purchased two life insurance policies with a total value of $35,000. He named his brother Abraham as beneficiary on both policies. Approximately 12 years after purchase of the policies, Joseph…