Supreme Council v. Gehrenbeck

Citations

• 124 Cal. 43
• 56 P. 640
• 1899 Cal. LEXIS 937

Syllabus

<p>Mutual Benefit Association—Death of Beneficiary—Expectancy— 'Bights of Heirs—By-law.—The beneficiary named in a certificate issued, to a member of a mutual benefit association, prior to the death of such member, has no interest or property therein to which the heirs of the beneficiary can succeed, but has only a “mere expectancy of an incompleted gift,” which is revocable at the will oí the insured, and cannot ripen into a right until his death. Upon the death oí the beneficiary prior to that of the insured, the expectancy dies with the beneficiary; and if no other beneficiary is selected by the insured, his heirs will become the beneficiaries, if the by-law so provides, to the exclusion of the heirs of the deceased beneficiary.</p>