American State Bank of Bloomington v. National Life Insurance

Mr. Presiding Justice Riess

delivered the opinion of the court.

Plaintiff, American State Bank of Bloomington, executor of the last will and testament of Edith Neville, deceased, has appealed from a decree of the circuit court of McLean county dismissing its amended bill of complaint against the National Life Insurance Company of Vermont, a corporation, for want of equity. The plaintiff sought to set aside four certain nonrefunding annuity contracts issued at intervals by the defendant company to the annuitant, Edith Neville, during her lifetime, which provided for the payment to her of monthly…