Crossman Co. v. Rauch

The insured secured a policy of life insurance from the Travelers Insurance Company of Hartford, Conn. At the time of the issuance of the policy, an agreement was entered into between the insurance company and the insured which is in part as follows: “ It is agreed that The Travelers Insurance Company, Hartford, Connecticut, shall receive such proceeds of the above contract as the Beneficiary hereinabove named shall become entitled to, if not less than One Thousand Dollars, and in consideration thereof shall pay at the Home Office of the Company at Hartford, Connecticut, to the said…