Ferguson v. Owens

Generally, the named beneficiary to the proceeds of a life insurance policy becomes legally entitled to its proceeds upon the death of the insured. Katz v. Ohio Natl. Bank (1934), 127 Ohio St. 531. Taking this as the starting point, the issue in this case is whether a named beneficiary of the proceeds of a life insurance policy may be divested of his right to such proceeds by one having a superior equitable right therein. Then the question becomes whether, upon the facts in this record, there was presented a genuine issue of material fact that the appellants possess a superior equitable right…