Washburn v. Washburn

Atkinson, Presiding Justice.

1. In an ordinary life-insurance policy, where the insured names a beneficiary by revocable designation, expressly reserving the right to change the beneficiary, the beneficiary does not by such designation acquire a vested right or interest in the policy. The insured in virtue of such express provision may at will change the beneficiary in the policy. Farmers State Bank v. Kelley, 155 Ga. 733, 737 (118 S. E. 197), and cit.; Baldwin v. Wheat, 170 Ga. 449, 454 (153 S. E. 194), and cit.; 37 C. J. 579, § 345, note 55.

(a.) The insured may lose this right by agreement…