Guardian Life Insurance Co. of America v. Mareczko

The opinion of the court was delivered by

Heher, J.

The decree in this interpleader suit awarded to defendant-respondent, John Mareczko, the proceeds of a policy of insurance in the sum of $10,000, issued by complainant, on June 22d, 1929, upon the life of his brother, Paul. Appellant, the insured’s wife, was the designated beneficiary. The right of insured to change the beneficiary was expressly reserved, and on December 2d, 1931, at his request, respondent was named beneficiary under a clause of the policy which provided that the—

“insured may (a) change and successively change the beneficiary…