Beck v. First National Bank of Madison

The following opinion was filed May 20, 1941:

Fowler, J.

The action is brought to recover part of the proceeds of two life insurance policies paid to the bank on the death of the plaintiff’s daughter. The plaintiff is the named beneficiary in the policies. The policies were duly assigned to the bank to secure a debt of the insured. The complaint alleges and the answer admits that the amount due on the policies and paid to the bank on the insured’s death was $3,159.56, and that the amount due on the $275 note of the insured hereinafter mentioned at the time of the payment of the policies to the…