Kidd v. Patterson

LYNNE, Chief Judge.

Fully stipulated by the parties, the critical facts may be tightly compressed. Prior to September 22, 1958, plaintiff, James M. Kidd, Sr., was the owner of four policies of life insurance issued on his life by the Equitable Life Assurance Society of the United States, which, as of that date, had an aggregate value of $35,409.39. On September 22, 1958, plaintiff made written application to Equitable for a “change of ownership” of each of such policies and, contempo raneously, forwarded a new beneficiary provision 1 for attachment to each policy. Having approved and acted…