Petty v. Mutual Benefit Life Insurance

Plaintiff, as the named beneficiary in a -life-insurance policy upon the life of the deceased insured, sued the defendant insurance company for the proceeds of the policy. Intervener, a. sister of the insured, asserted in her petition of intervention that insured had delivered the insurance policy to her and had “* * * stated to her that they [insurance.policies] were her property and he would see to changes of beneficiary, to her; that this amounted to an assignment thereof to her, and constituted a completed gift to her, and vested in her the property in'such insurance contracts * *

The…