New York Life Ins. Co. v. Rees

*783WALTER H. SANBORN, Circuit Judge.

On February 4,1916, the New York Life Insurance Company, by its policy of that date, insured the life of Charles A. Rees for the benefit of his wife, Ellen M. Rees, in the sum of $4,000. Mr. Rees died on October 31, 1922. About March 4,1917, Mr. Rees was indebted to the Guaranty State'Bank of Muskogee, Okl., to the amount of about $3,150, evidenced by his promissory notes, with Natt T. Wagner as surety thereon. At that time Mr. and Mrs. Rees made an absolute written assignment of the poliey “and all dividend, benefit and advantage to be had or derived there:…