Equitable Life Assurance Society v. McClelland

STARR, District Judge.

On January 28, 1949, plaintiff insurance company began the present civil action of interpleader in pursuance of Title 28 U.S. C.A. § 1335. The case was submitted on an agreed stipulation of facts, the material facts being as follows:

On June 8, 1905, plaintiff issued its policy No. 1456337 known as a “twenty-year endowment bond” to James C. Quinlan, thereby insuring his life in the sum of $1,000. Frances M. Quinlan, the wife of the insured, was named as beneficiary. The policy having matured through the payment of all premiums and the expiration of the endowment and…