Adams v. Bankers' Life Co.

This litigation involves the proceeds of a policy of insurance in the amount of $3,000 issued July 24, 1923, by the Bankers’ Life Company on the life of T. J. Adams, Sr., who died on June 22, 1926.

Ida M. Adams, wife of the insured, was named beneficiary in the policy, but under its terms the insured had the right of revocation and changing the beneficiary.

The policy shows indorsements, as follows:

First indorsement:

“Notice received and accepted of the change of beneficial interest herein by the insured, from Ida M. Adams, wife, to Jennie Ethel Adams, daughter, of the insured with the right of…