Equitable Life Assur. Soc. v. Wilkins

MOSCOWITZ, District Judge.

This is an action of interpleader brought by the insurance company with the first and second wives of the decedent as contestants. The life insurance in issue was issued under a group policy taken out by the decedent’s employer. That policy gave the insured the right to change the beneficiary and furthermore contained the following clause: “No assignment by any employee of any insurance under this policy shall be valid.”

The original beneficiary was the first wife Florence M. Wilkins. On July 15, 1932 the decedent changed it to his executors and administrators.…