Geenty v. Phoenix Mutual Life Insurance

The Phoenix Mutual Life Insurance Company issued to Jay F. Carlisle two policies of insurance upon his life, naming as beneficiary his wife if she should be living at his death, otherwise his executor, administrator or assigns. There was no reservation to the insured of a right to change the beneficiary named in the policies. Subsequently, upon the request of Mr. Carlisle and his wife, the policies were altered so as to be payable to her or her executors, administrators or assigns. She died, leaving a large estate and a will in which she gave to each of the sons the sum of $25,000 and gave…