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HERNDON v. MASSACHUSETTS GENERAL LIFE INS. CO.

Civil Action No. 95-0166-A.

28 F.Supp.2d 379 (1998)

Judy HERNDON, Executrix of the Estate of Joseph E. Herndon, Deceased, and Richlands National Bank, Richlands, Virginia, Plaintiffs, v. MASSACHUSETTS GENERAL LIFE INSURANCE COMPANY, Defendant.

United States District Court, W.D. Virginia, Abingdon Division.

September 29, 1998.

Attorney(s) appearing for the Case

Carl E. McAfee, Norton, VA, for plaintiffs.

Elsey Harris, Norton, VA, for defendant.

MEMORANDUM OPINION

WILLIAMS, Senior District Judge.

I. Facts and Procedural History

The deceased, Joseph Herndon, obtained a life insurance policy in the amount of $150,000 from Massachusetts General Life Insurance Company ("MGL") on March 10, 1992. In order to secure a loan, Mr. Herndon later assigned his interest in the policy to Richlands National Bank ("Richlands"). The assignment was properly...

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