Mutual Life Insurance v. Manasse

The Mutual Life Insurance Company of New York brought a bill of interpleader against Man assé and The Dú tton Bank, in which it is alleged that in 1893 the insurance company issued- a 20 payment life police of insurance for $3,000.00 upon the life of Joseph Manasse, he being the beneficiary; that in June, 1908, the wife of Manasse was made the beneficiary, if living, if not, to the insured’s executors, etc.; that in July, 1908, a loan Of $810.00 was made to the beneficiaries; that the loan was never paid; that on June 29th, 1910, Manasse áñd *317liis wife executed an assignment of said policy “in…