Mutual Life Insurance v. Holley

At the time of the death of Frank J. Conover on February 22, 1937, he possessed four life insurance policies of the value of $13,400, issued by the Mutual Life Insurance Company upon his life, each payable to his administrators, executors and assigns. The defendant Gertrude M. Draper, claiming to be the owner of the policies by gift, demanded that the proceeds of the policies be paid to her. The defendant administrators disputed the claim of the defendant Draper and claimed the proceeds of the policies. The plaintiff insurance company brought this action of interpleader for the purpose of…