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LANGLEY v. NEW YORK LIFE INSURANCE CO.

273 S.W.2d 567 (1954)

Paul R. LANGLEY, Appellant, v. NEW YORK LIFE INSURANCE CO., a Corporation, Appellee.

Court of Appeals of Kentucky.

December 10, 1954.

Attorney(s) appearing for the Case

Lena M. Craig & J. A. Edge, Lexington, for appellant.

Bullitt, Dawson & Tarrant, Louisville, for appellee.

CULLEN, Commissioner.

Paul R. Langley, who is the insured under a life insurance policy issued by the New York Life Insurance Company, brought action against the company seeking the cancellation of an encumbrance on the policy represented by a loan of $5,775 which the company had made to Langley's wife prior to her death. The complaint prayed that Langley be declared the owner of the policy free and clear of any encumbrance. The court entered judgment for the company...

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