Metropolitan Life Insurance Co. v. Woolf

Carroll L. Woolf held a certificate of the Metropolitan Life Insurance Co. dated April 1st, 1943, certifying that under the conditions of a group policy issued to his employer he was insured for $20,000 which on his death would be paid to his then wife Mary E. Woolf named therein as beneficiary, with the right reserved to the insured to change beneficiary. The certificate provides that in case the beneficiary should die before the insured, the interest of the beneficiary shall vest in the insured. It further provides that if there be no designated beneficiary at the time when any insurance…