New York Life Insurance Co. v. Cook

On February 14, 1923, Oswald J. Cook took out two life insurance policies in the plaintiff company, one for $2,000 and one for $1,000, payable to his mother, Marguerite Cook, in the event of his death. Both policies contain the following privilege of changing the beneficiary:

_ “Change of Beneficiary — The insured may at any time, and from time to time, change the beneficiary, provided this policy is not then assigned. Every change of beneficiary must be made by written notice to the company at its home office accompanied by the policy for indorsement of the change thereon by the company, and…