Sargent v. Hancock Mutual Life Insurance

Citations

• 49 Pa. Super. 239
• 1912 Pa. Super. LEXIS 315

Syllabus

<p>Insurance — Life insurance — Insurable interest — Designation of beneficiary — Power to change beneficiary — Interpleader—Act of March, 11, 1886, P. L. 76. ■</p> <p>1. Whére a married woman insures her own life, and designates a beneficiary, and after the death of such beneficiary designates another person as such, but reserves the right to change such beneficiary from time to time, with the consent of the company, the person last named will upon the death of the insured be entitled to the proceeds of the policy; and the insurance company cannot demand an interpleader merely because the husband of the insured claims the fund, and threatens a suit.</p> <p>2. The Act of March 11,1836, P. L. 76, providing for the allowance of interpleaders in actions at law does not make it obligatory upon the court to grant an interpleader in all eases in which it is prayed for by a defendant. The court is invested with a discretion to determine whether the party is entitled to the relief or not.</p>