GRAY v. PENN MUT. LIFE INS. CO.

Gen. No. 46,556.

5 Ill. App.2d 541 (1955)

126 N.E.2d 409

John R. Gray, Appellee, v. The Penn Mutual Life Insurance Company of Philadelphia, and Melvin A. Krauss, Appellants.

Appellate Court of Illinois — First District, First Division.

Released for publication May 23, 1955.


Attorney(s) appearing for the Case

Alan R. Johnston, and Wesley G. Hall, both of Chicago, for appellants; Johnston, Thompson, Raymond & Mayer, of Chicago, of counsel.

McKinney, Carlson, Barnes & Smalley, of Chicago, for appellee; C. Oscar Carlson, John H. Smalley, and Spencer E. Irons, all of Chicago, of counsel.


MR. JUSTICE NIEMEYER delivered the opinion of the court.

Defendants appeal from a decree entered upon a stipulation of facts and points of law at issue pursuant to Rule 48 of the Supreme Court setting aside and canceling a Beneficiary Designation dated January 31, 1948 purporting to vest the right to make further changes of beneficiary and to exercise all privileges of ownership in a life insurance policy issued by defendant The Penn Mutual Life Insurance Company...

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