Donahue v. New York Life Insurance

Pound, Ch. J.

Peter Donahue took out a policy on his life in the defendant insurance company in May, 1919, for $13,000, payable to his estate. In May, 1926, he made Helen R. Maloney the beneficiary thereof and delivered the policy to her.

In November, 1928, Peter Donahue was adjudged an incompetent and the plaintiff was appointed the committee of his property.

The policy, in substance, provides that the defendant, in consideration of the premium paid., will pay to Peter Donahue or his duly designated beneficiary on his death the sum of $13,000 and will pay said Peter Donahue, in case of…