Jerry Anderson took the stand. That's Jerry D. Anderson. (Sorry that's cruel). Jerry D. Anderson is an insurance agent out of Lenoir. He works with N.C. Farm Bureau Insurance Company and he handled several insurance policies on the Andersons ranging from equipment, houses, barns, cattle, health and life insurance. At Farm Bureau, Emily Anderson had two life insurance policies. The first was affective March 1, 2003, and was for $1 million. The owner of the policy was Carolina Holstein. The beneficiary was Jerry L. Anderson. The contingent beneficiary was Dee Watson. A second police on Emily Anderson's life was issued June 1, 2004, and it was for $500,000. The owner was High Mountain Holstein (the name of the dairy the Andersons' planned in Tennessee). The beneficiary was Jerry L. Anderson. There was no contingent beneficiary. Dawn Tutterow asked Jerry D. Anderson if Emily Anderson died who received the payments on both policies? Jerry D. Anderson responded Jerry L. Anderson in both policies. Before Jerry D. Anderson was on the stand, Charles Helms, a former insurance agent at Granite Insurance Agency in Granite Falls, said there was one life insurance policy on Emily Anderson. It was issued in the fall of 2004, for $2 million. A year later, in November 2005, Helms reviewed the Andersons' policies. At that time, the life insurance amount in Emily Anderson's name increased to $3 million. The owner and beneficiary was Carolina Holstein. On this particular policy, there was an assignment. That means on this policy in the event of Emily's death the insurance company would first pay the bank any money assigned for outstanding loans. That was common practice and a typical requirement of banks, Helms said. Helms and Jerry D. Anderson said if banks give out large amounts in loans they require the key people (owners, operators, etc. of the company) to have large insurance policies. This insures the bank will get its money bank in the event of a key person's death, Helms said. There was no assignment on the two life insurance policies Emily had with Farm Bureau.
During cross examination, Helms told the jury Jerry L. Anderson also had a life insurance policy on himself; however, it was not testified to how much that policy was for. Helms said Emily signed on all of her policies, she went through applications and medical exams and was aware of everything surrounding her policies. Jerry D. Anderson testified that as a key person at the dairy farm, Emily felt the life insurance coverage was needed.
Sigh. Money, man, it can complicates things. I'm not sure if this is damaging testimony or not. It almost seems a large amount of life insurance is required by the banks as part of getting a large loan. But Emily had $4.5 million worth of life insurance. Now there was a reference to a $5 million loan for the farm in Tennessee. Man I had no idea farming was so expensive! But again the two of the loans for $1 million and $500,000 had no assignments, meaning the bank was not the first to get the money, Jerry L. Anderson was... I hope the juror can make sense of all of this. It will be their opinion in the end that counts the most.
OK. I know I've written a ton, but I have to explain my last comment on the previous blog. Right before our break, it was possible there was an order for the arrest of Antonio Reyes on a driving while impaired charge. It turned out not to be on the Antonio Reyes who testified in court today, but we did learn that Antonio is not his real name. It's a nickname given to him as a child. His birth name is Jose Concepcion (I'm not sure of the spelling) Reyes Lira. (Lira is his mother's last name; Hispanics typically use their mother's last name as their last name, but go by their father's last name.) He was sworn to tell the truth and he was asked his name, but did not say Jose, he said Antonio. The judge thought about holding him in contempt of court, but did not. The jury was made aware of this fact when attorneys got to ask him questions. Reyes said he said his name was Antonio because that was what everyone knew him as... Does that hurt his testimony? The state objected to any reference to his real name, but the judge overruled the objection saying the defense has a right to ask him questions about his name in front of the jury because it goes toward his credibility, Cayer said.
I'll be back tomorrow. We ended about 15 minutes early today because the next witness was not in court. That means Det. Bennett nor Shelly Hartley, both with the Caldwell County Sheriff's Office, will be on the stand in the morning. The only thing Bellas referenced to was that he believed the witness would be on the stand for a while.
C-ya back at 11 a.m.