Jordan v. New York Life Ins. Co.

TALIAFERRO, Judge.

On April 13, 1912, defendant issued a life policy of insurance to John W. Jordan, wherein Mrs. Jessie F. Jordan, his wife, was designated beneficiary. The insured gave his note for the premium due on delivery of the policy, and on June 18, 1912, for declared value received, he and his wife executed unto J. Homer Jordan, petitioner, an assignment and transfer of the policy, with “all dividends, benefits and advantages to be had or derived therefrom,” subject to its conditions, and the rules and regulations of the insurer. This assignment was duly accepted by the company, but…