Farley v. First National Bank

Opinion of the Court by

Chief Justice Rees

Affirming.

The Prudential Insurance Company of America issued an insurance policy on the life of O. B. Farley on May 24, 1926, which provided that at the death of the insured the proceeds should he paid to his beneficiaries in 60 monthly installments of $100 each. The beneficiaries named in the policy were his then wife, Maybell S. Farley, and his six children. The right to change the benficiary was reserved by the insured. The policy contained this provision:

“If the right to change the Beneficiary has been reserved the Insured may at any time while…