Worthen v. Burgess

The John Hancock Mutual Life Insurance Company issued a policy of insurance on the life of William H. Burgess in the sum of $20,000, payable to Ethel M. Burgess, his wife. On May 26, 1925, she assigned her interest in the proceeds of the policy to Franklin P. Simonds by whose executors this suit is prosecuted. The assignment recited so far as here material that it “is made as protection to said Franklin P. Simonds against any loss of money in the Lexington Building Trust — : now or hereafter loaned — either to said Lexington Building Trust or to the said William H. Burgess by the said…