Ward v. New York Life Insurance
New York Court of Appeals
Appeal from a judgment of the Appellate Division of the Supreme Court in the third judicial department, entered November 17, 1916, affirming a judgment in favor of defendants entered upon a dismissal of the complaint by the court on trial at Special Term. The nature of the action and the facts, so far as material, are stated in the opinion.
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Appeal from a judgment of the Appellate Division of the Supreme Court in the third judicial department, entered November 17, 1916, affirming a judgment in favor of defendants entered upon a dismissal of the complaint by the court on trial at Special Term. The nature of the action and the facts, so far as material, are stated in the opinion. The policy in suit was duly assigned by the insured to the plaintiff in 1909 as collateral security for money and credit already loaned, and she thereby and thereupon took a vested interest in such policy good as against everyone but a prior assignee.…
1Opinion of the Court
Hiscock, Ch. J.
The New York Life Insurance Company issued a policy on the fife of one Ward in the sum of $5,000, payable on death of the insured to his executors, administrators or assigns. The policy also contained a provision that the insured might at any time change the beneficiary under said policy by written notice and indorsement of the change on the policy by the company. When Ward died opposing claimants to the proceeds of the policy appeared. One one side were his sons who a short time before his death had been duly designated and by the company recognized as beneficiaries under the…
2Cases cited19 opinions
- Williams v. . IngersollNew York Court of Appeals · 1882
- Chanler v. KelseySupreme Court of the United States · 1907
- McKeon v. . Van SlyckNew York Court of Appeals · 1918
- Hamlin v. . StevensNew York Court of Appeals · 1903
- Rosseau v. . RoussNew York Court of Appeals · 1904
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3Cited by96 opinions
- People v. GillottiNew York Court of Appeals · 2014
- Croker v. New York Trust Co.New York Court of Appeals · 1927
- Jennings v. JenningsSupreme Court of Alabama · 1947
- Tolar v. Metropolitan Life InsuranceNew York Court of Appeals · 1948
- Katzman v. Ætna Life InsuranceNew York Court of Appeals · 1955
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