Manhattan Life Ins. Co. v. Stubbs

This case, and the nature of the issues involved, have been most admirably stated by the Court of Civil Appeals as follows:

“Appellant, Manhattan Life Insurance Company, of New York, on December 26, 1962, issued its life insurance policy No. 131054 for $5,000 to Charles J. Stubbs. The annual premium was $353.40; it was known as an endowment or survivorship policy, entitled to dividends or shares of the surplus at the end of the 15-year period, and matured on December 26, 1917. The policy was, on January 9, 1903, for value, by Charles J. Stubbs assigned to James B. Stubbs, appellee here, after…