Janesville State Bank v. Aetna Life Insurance

Loring, Justice.

This was a suit to recover the benefits of a $2,000 life insurance policy upon the life of Emil L. Hofmann which was in the hands of the plaintiff bank at the time of Hofmann’s death. At the time of his death Hofmann was indebted to the plaintiff in a sum in ex cess of $2,000. From a judgment, in favor of plaintiff against both defendants this appeal is taken.

June 18, 1932, Hofmann, being indebted to the defendant bank, left with it the life insurance policy here in question. His wife, Clara, the other defendant in this action, was named beneficiary therein. No written…