Pockett v. Farley

The federal legislation shows no interest in the disposal of the payment after the insured’s estate receives it, and no implication is to be found therein that those who would inherit if he were assumed not to have died until the payment are entitled to it.

It is consistent that the beneficiary of the monthly payments should be an heir of the insured, and it is not unreasonable that if the beneficiary’s death terminates them, the latter’s estate through inheritance may receive or share in the remaining value of the insurance. That the insurance was subject to the beneficiary’s rights to the…