Standard Discount Co. v. Metropolitan Life Insurance

This is an appeal by the defendant from a judgment in the sum of $255, entered on the finding of the court. There is no dispute as to the facts. Plaintiff sued as the assignee of the proceeds of a life insurance policy issued'on the life of Mervin Holliday, of which his wife Flossie was named beneficiary. The policy was for the amount of $480. The insured died April 7, 1942. The policy among other things provided:

“Nonassignability. Any assignment or pledge of this policy or of any of its benefits shall be void.”

On April 7, 1942, Mrs. Holliday executed and delivered to the Edwards Funeral Home…