Gould v. Travelers Insurance Co.

The question presented upon these appeals is whether the proceeds of two life insurance policies were subject to the provisions of certain trust agreements, or whether plaintiff (insured’s widow) was entitled to such proceeds outright. The facts have been stipulated by the parties.

Concededly plaintiff was originally named the sole beneficiary of both policies. Certain negotiations were carried on by correspondence between the insured, who then resided in Seattle, *547Washington, and the insurance company, which had its main office in Hartford, Connecticut. The purpose of these negotiations was to…