Anderson v. Broad Street National Bank

Backes, V. C.

The question in this case is, Who is entitled to the proceeds of life insurance policies, the beneficiary named in the policies or the assignee of the insured? The proceeds are in court. The facts stipulated by counsel are:

The New York Life Insurance Company, at the instance of William O. Anderson, issued to him two policies in each of which it

“Promises to pay at the Home Office of the Company in the City of New York, upon receipt at said Home Office of due proof of the death of AVilliam O. Anderson, herein called the insured, Five thousand dollars, less any indebtedness hereon,…