U.S. Supreme Court
McCullough v. Smith, 293 U.S. 228 (1934)
McCullough v. Smith
Argued November 9, 1934
Decided December 3, 1934
293 U.S. 228
1. Unpaid installments which accrued under a war risk insurance policy to the father and mother of the insured as successive beneficiaries after his death belonged, when they had both died, to the respective estates of the parents. P. 293 U. S. 231.
2. Upon the death of the insured followed by the deaths of the beneficiaries, the commuted value of the war risk insurance, deduction installments that accrued to the beneficiaries while living, is payable to the estate of the insured. P. 293 U. S. 231.
206 N.C. 102, 173 S.E. 49, reversed.
Certiorari to review a judgment rendered on the petition of the administrator of a deceased soldier to be directed how war risk insurance funds, awarded to the soldier's estate, should be distributed as between the estates of his parents.