In Re Jacobson

AVIS, District Judge.

A brief statement of the facts in this •controversy is: On November 1, 1921 Jacob Jacobson, husband of Lena Jacobson, the bankrupt, procured from The Mutual Life Insurance Company of New York a policy of life insurance on his life in the amount of $25,000, and in said policy one Herman Jacobson, brother of the assured, was named as beneficiary. The right to change the beneficiary was specifically not reserved to the insured. On February 23, 1922 the said Herman Jacobson duly and lawfully assigned all his interest in said policy to the insured Jacob Jacobson, and on…