Michigan Supreme Court April 5, 1938, Docket No. 100, Calendar No. 39,852. (Minnesota Mutual Life Ins. v. Schlanger)

North, J.

At the time of her death, April 16, 1936, Mrs. Anna, M. McIntyre carried a life insurance policy, No. 95776, in plaintiff company. After deducting from the amount otherwise due on the policy loans by the company, costs allowed plaintiff and $14,539.95, payment of which was secured to defendant Sohlanger by the policy, there remained a balance' of $53,933.61.