INSURANCE-GIFT-RIGHT OF NAMED BENEFICIARY OF LIFE POLICY TO PROCEEDS AS AGAINST A DONEE BY DELIVERY

Authors

Bruce L. Moore S.Ed., University of Michigan Law SchoolFollow

Abstract

Insured, in accordance with the terms of a life insurance policy, named the woman with whom he was then living as beneficiary. Subsequently, he returned to his wife and handed the policy to her with appropriate words indicating an intention to make a present and absolute delivery of it to her as a gift. No notice of a change of beneficiary was given to the insurance company. The policy reserved the right to insured to change the beneficiary by filing a written request with the company, such change to take effect only when indorsed on the policy by the company. In an interpleader action, the named beneficiary claimed the proceeds of the policy as against the donee. Held, the donee is entitled to the proceeds. Jennings v. Jennings, (Ala. 1947) 33 S. (2d) 251.

Recommended Citation

Bruce L. Moore S.Ed., INSURANCE-GIFT-RIGHT OF NAMED BENEFICIARY OF LIFE POLICY TO PROCEEDS AS AGAINST A DONEE BY DELIVERY, 46 Mich. L. Rev. 1122 (1948).
Available at: https://repository.law.umich.edu/mlr/vol46/iss8/18