Wainwright Trust Co. v. Prudential Life Insurance

Appellee Prudential Life Insurance Company issued a policy of insurance on the life of Ray Estle, a minor, in the sum of one thodsand dollars, payable at his death to his cousin Margaret Inman, also a minor, of near the age of nine years. Ray Estle died while still a minor and appellant trust company was appointed administrator of his estate and gave notice to said insurance company disaffirming that part of said policy which made Margaret Inman beneficiary, and demanded payment of amount due on the policy. The insurance company afterward paid the same to appellee trust company as guardian of…