Holmes v. Whaley

1. A wife receives a legal benefit in a life-insurance policy issued to her husband in which she is named as beneficiary, although under its terms the insured may change the beneficiary at will.

2. Where a husband signs an application for a policy of life-insurance in which he designates his wife as the beneficiary, and reserves the right of revocation without her consent, and where the policy is afterwards delivered to her, and coincident with such delivery she executes a joint note with him, payable personally to the agent to whom the application has been given in payment of the first year’s…