Waters v. Corlett

This cause originated in the court of common pleas of Cuyahoga county. Dr. Homer B. Corlett died December 24, 1928, and at the time of his death held a policy of life insurance for the face value of $10,000 in the Bankers' Life Company of Iowa. His wife, Clara H. Corlett, was originally named as beneficiary under the policy, but in March, 1927, the insured caused the beneficiary to be changed, and the policy was made payable to his estate. In April, 1927, he made an assignment of the policy to B.A. Waters, and at the same time executed and delivered to B.A. Waters a promissory note for…