Minnesota National Bank v. Equitable Life Assurance Society of the United States

Loring, Justice.

This action Avas brought in April, 1981, in the district court of St. Louis county by the Minnesota National Bank of Duluth, as' guardian of the estate of Laura Lou Rouchleau, a minor, to recover the proceeds of a $61,000 life insurance policy issued by the Society upon the life of her father, Louis Rouchleau, she being the beneficiary named therein at the time of her father’s death. There were outstanding loans against the policy and the court was asked to determine the balance due thereon, which was alleged to be approximately $28,000. The Society admits liability to the…