Love v. First Nat. Bank of Birmingham

BOULDIN, Justice.

The bill is in the nature of a creditor’s bill to subject the proceeds of certain life insurance policies to the payment of the debts of the insured.

The appeal is from a decree sustaining demurrers going to the equity of the bill.

The substance of the bill,, so far as essential to a consideration of questions involved, may (be stated as follows:

On and prior to March 25, 1929, W. C. Ge-win, now deceased, was indebted, to complainant, Penn Mutual Life Insurance Company, on which there still remains an unpaid balance of $23,437.60; and was also indebted to complainant, John T.…