Pfingsten v. Franklin Life Insurance Company

HOLLINGSWORTH, Judge.

Plaintiff, Regina M. Pfingsten, widow of Earl Pfingsten, deceased, is the beneficiary in a policy of insurance for the principal sum of $8,000, issued May 16, 1956, by defendant The Franklin Life Insurance Company (herein referred to as “Franklin”) on the life of Earl Pfingsten (herein referred to as the “insured”), which was assigned to and held by defendant Community Federal Savings & Loan Association of Overland (herein referred to as “Community”) as collateral security for certain mortgage indebtedness of plaintiff and her insured husband to Community. Following the…