New York Supreme Court June 20, 1890 (Brennan v. Crouch)

Corlett, J.

On the 18th day of Hovember, 1862, the Mutual Life Insurance Company of Hew York issued to Andrew Brennan a policy on his life for $4,000. The money was payable to him, his heirs, executors, and assigns. In March, 1879, the insured had paid up the policy, and its value as a death claim was about $6,400, and its surrender value as fixed by the company was about $1,600.