Lanning v. Parker

Backes, V. C.

This is a creditor’s bill to recover 'from the proceeds of life insurance policies premiums paid by the assured in fraud of creditors. The cause is before me on an agreed state of facts.

The complainant’s debt of $1,875 was originally contracted in 1897, represented by a note, which has been kept alive by renewals. In 1904, and from time to time thereafter, Winfield S. B. Parker, the debtor, caused to be issued, by the New York Life Insurance Company, four policies on his life, payable at his death to his widow, the above-named defendant. He paid the premiums until he died,…