Metropolitan Life Insurance Co. v. Poliakoff

This interpleader suit grows from a group insurance policy written by complainant for General Electric Company, and from a certificate thereunder issued by complainant to one of the company's employes, Mike Matwijizyn. Complainant thereby promised to pay, upon the employe's death, $2,000 to the beneficiary designated by him. The policy also provided, in lieu thereof, that in the event of the total and permanent disability of the employe, complainant would "begin making payments to such employe or to a person designated by him for the purpose," of five annual installments of $428 each. "Should…