New York Life Insurance v. Wright

This is a proceeding in equity to determine the own-' ership of the proceeds of a life insurance policy issued by the plaintiff, New York Life Insurance Company, insuring the life of Ray W. Wright. Said Wright died on September 3, 1933. The policy was for $4000. Prior to August 30, 1933, the policy was payable as follows: To John W. Wright, Father, $1500, George W. Hulett, a business partner, $650 and the balance to the wife of the insured, Gertrude Wright. The policy reserved to the insured the right to change the beneficiaries. After August 30, 1933, upon the written request of the insured…