Pikeville Nat. Bank & Trust Co. v. Shirley

Opinion op the Court by

Cbeal, Commissioner—

Affirming-.

In 1912 the Equitable Life Assurance Society of the United States issued to Eugene Everett Gray a life policy for $2,000 payable to his executors, administrators or assigns with right reserved on the part of insured to change the beneficiary.

The provision in the policy relating- to right to change the beneficiary reads:

“If the right to change the beneficiary has been reserved, and there is no written assignment of this policy on file with the Society, the Insured may from time to time during- its continuance, change the beneficiary or…