Northwestern Mutual Life Insurance v. Chehalis County Bank

— On November 15, 1907, Joseph Bernard took out a policy of insurance for the sum of $20,000. He afterwards assigned the policy to a certain creditor, to se*375cure such sums as might be owing it in the event of his death. On the 20th day of December, 1909, he died intestate. The assignee creditor claiming a share of the policy, and the administrator and the widow respectively claiming the whole thereof, one as assets of the estate and the other as exempt to her, the insurance company brought the fund into court, disclaiming any interest in the policy save an item of $130.60 for unpaid premiums,…