New York Plumbers' Specialties Co. v. Stein

This motion has for its purpose the application of dividends about to be received by the judgment debtor on life insurance policies towards payment of a judgment.

Philip Stein received two policies on his life from the Equitable Life Assurance Society, each in the sum of $25,000 on the twenty-year payment plan, on June 20, 1928. The beneficiary is his wife. On October 28, 1929, the policies were assigned to the assurance society for a loan of .$925 on each policy. The premiums on those policies have been paid to June 20, 1930. On that day the cash surrender value of each policy will be…