McKinley v. Mutual Life Insurance

Opinion by

Mr. Justice Walling,

In 1918 the Mutual Life Insurance Company of New York, defendant, insured the life of Archie J. Taylor of Somerset County for $5,000, the policy naming “his executors, administrators or assigns” as the beneficiary. In 1921 Mr. Taylor exercised the right reserved to him in the policy of changing the beneficiary to “the insured’s creditor, Janet Boyd McKinley, if living, if not, to the insured’s estate”; reserving to himself the right *302to revoke suck designation. The insured died in October, 1922, without making any further change of beneficiary, but leaving a last…