Toulouse v. New York Life Insurance

40 Wn.2d 538 (1952)

245 P.2d 205

GEORGE J. TOULOUSE, JR., as Executor, Appellant,

v.

NEW YORK LIFE INSURANCE COMPANY, Respondent.[1]

No. 31771.

The Supreme Court of Washington, En Banc..

May 29, 1952.

George J. Toulouse, Jr., and Clarence A. Lirhus, for appellant.

Catlett, Hartman, Jarvis & Williams, for respondent.

HILL, J.

This appeal presents a challenge to the validity of an agreement between an insurer and an insured, where the insured, exercising one of the optional methods of settlement offered by an endowment policy on maturity of the policy, elected to leave the proceeds of the policy with the…