Caveny v. Healey

The opinion of the court was delivered by

Swayze, J.

The Prudential Insurance Company issued two policies of life insurance on the life of Michael Caveny. By one they insured his life and agreed to pay the stipulated benefit subject to certain conditions; one of which was that the amount should be paid to his executors, administrators or assigns unless settlement were made under what is called the facility of payment clause. That clause permitted the *29company to make payment to any one of certain classes of persons or to any other person appearing to the company to he equitably entitled by…