Metropolitan Life Insurance v. Woolf

The opinion of the court was delivered by

Heher, J.

The subject-matter of this litigation is the proceeds of a certificate of life insurance issued by the complainant insurer to Carroll L. Woolf on April 1st, 1943, under a master policy theretofore supplied by complainant to the General Motors Corporation, covering certain of its employees as a group. The certificate was payable to the named insured’s wife, Mary E. Woolf, as beneficiary; and it was provided that should the beneficiary predecease the insured employee, “the interest of such beneficiary shall vest in such employee, subject to the…