Way v. Prudential Insurance Co. of America

Plaintiff sued to recover the amount of an insurance policy issued by the corporate defendant upon the life of plaintiff’s mother-in-law. The pohcy was of the so-called industrial type, payable, by its terms, to the executor or administrator of the insured, unless, at the option of the insurer, it should be paid to some person equitably entitled thereto under the so-called “ facility of payment ” clause. Plaintiff’s proof shows that the policy was delivered to her, that she paid all the premiums, and had possession of the policy until after the death of the insured.

*425The complaint alleges that…