Crossman Co. v. Rauch

The husband of the judgment debtor appellant procured from the Travelers Insurance Company of Hartford, Connecticut, an insurance policy upon his life for $50,000, payable after his death to his widow, the appellant, in two hundred and forty monthly installments, each of $6.25 per $1,000 of the proceeds of the policy, equivalent to $312.50 per month. Attached to and made a part of the policy was an agreement, which reads in part: “ It is agreed that The Travelers Insurance Company, Hartford, Connecticut, shall receive such proceeds of the above contract as the Beneficiary hereinabove named…