Lamar Life Ins. v. Moody

Citations

• 122 Miss. 99

Syllabus

<p>Insurance. Insured m)ay pledge policy to company -for loan without beneficiary’s consent.</p> <p>Tbe insured, may pledge policy to tbe company for loan without tbe consent of tbe beneficiary, where it appears that insured reserved the right to change the beneficiary. Beneficiary has no vested right in the proceeds of such policies.</p>