Covault v. Texas Instruments, Inc.

MOORE, Justice.

This is an appeal from a summary judgment.

Upon the death of Dennis Covault, an employee of Texas Instruments, Inc., group life insurance proceeds of $327,000.00 became due under policies issued by Insurance Company of North America and Connecticut General Life Insurance Company. The policy records reflected his minor daughter, Susan, to be the beneficiary with the Republic National Bank of Dallas as trustee. His second wife, Marcella Covault, however, also made claim to the proceeds contending that Dennis had changed the beneficiary designation on the policies in her favor. The…