Sommer v. New England Mutual Life Insurance

Citations

• 21 Pa. Super. 501
• 1902 Pa. Super. LEXIS 394

Syllabus

<p>Insurance — Life insurance — Assignment of policy — Creditor.</p> <p>A person insured by a mutual life policy assigned to another all his “right, title and interest” in the policy “as collateral security, for the amount of his demand subsisting against me at my decease, as creditor, surplus, if any, for the benefit of. my estate.” The insurance company paid to the insured certain moneys representing increments or earnings accruing from time to time. Held, that the insured and not the assignee of the policy was entitled to such moneys, and that the assignee could not compel the insurance company to pay them a second time to himself.</p>