Chatham Phenix National Bank & Trust Co. v. Crosney

The complaint alleges that one Abraham Crosney died insolvent leaving him surviving a widow, the defendant herein; that “ she in the lifetime of her said husband or the said Abraham Crosney caused his life to be insured * * * in her name as a beneficiary and for her benefit ” (italics ours); that the premiums for such insurance amounting to an annual payment greatly in excess of $500 were paid out of the property of Abraham Crosney when insolvent. After setting forth the indebtedness of the deceased to the plaintiff in a large amount, the receipt by the defendant of some $100,000 insurance,…