Wilson v. Travelers Insurance Co.

1 Reported in 8 N.W.2d 236. This is a suit to recover the commuted value of a life insurance policy in which plaintiffs were named as payees in a "Change of Beneficiary Form." Defendant insurance company appeals from an order denying its motion for a new trial after findings and conclusions in favor of plaintiffs. The administrator of the insured's estate has not appealed.

On August 1, 1892, defendant issued and delivered to Furman Mason Fargo a policy of life insurance on what is described as an "Ordinary Life 20-year Annuity" plan. The provisions of the policy here material read:

"Travelers…