Under the terms of a September 11, 1986 matrimonial settlement agreement between plaintiff Holly G. Repine and Theodore F. Campbell (hereinafter decedent), decedent agreed to name the parties' child, Chase, as irrevocable beneficiary of a $50,000 Metropolitan Life Insurance policy then owned by decedent, until such time as Chase died, reached the age of 21 years or was sooner emancipated. It is undisputed that the life insurance policy...
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