Nims v. Ford

The Berkshire Life Insurance Company, summoned as trustee of the principal defendant, in 1861, in consideration of a premium of forty dollars paid to it by Julia O. Ford, and of the annual premium of a like sum to be paid to it on or before a certain day in every year during the continuance of the policy, assured the life of said Julia, in the amount of one thousand dollars, for the term of life, “ for the benefit of her husband,” who is the principal defendant in this case. The policy contains the following clause: “ And the said company do hereby promise and agree well and truly to pay or…