Aetna Life Insurance v. Owens

On June 1, 1941, the Aetna Life Insurance Company issued to Cliff Owens certificate No. 29470 in the sum of $2,000, subsequently increased to $3,000, under group policy No. 1514-B issued by the insurance company to Packard Motor Car Company, employer of Cliff Owens, payable after his death.

Cliff Owens in his application for the group insurance designated “Nancy — Wife” as the beneficiary. The group policy No. 1514-B contains the following provision:

“Change of beneficiary

“Any employee insured hereunder may by.written request designate a new beneficiary as often as desired; such designation to…