National Memorial Services, Inc. v. Metropolitan Life Insurance

Opinion by

Baldrige, P. J.,

Two industrial life insurance policies were issued by the Metropolitan Life Insurance Company, a New York corporation authorized to do business in Pennsylvania, on the life of George W. Campbell. Sarah Campbell, the wife of the insured, is named as beneficiary in one, and John G. Campbell, son of the insured, in the other. The insured died December 20, 1943. On that same day the beneficiaries assigned the proceeds of the policies as collateral security for the payment of promissory notes to William Sirlin, an undertaker. Two days thereafter Sirlin reassigned all his…