About this document
Irrevocable Beneficiary Designation Rules by Lord Aumar is a document available to read on EtoBox.
This case involves a life insurance policy taken out by Dimayuga in 1963 that designated his wife and children as irrevocable beneficiaries. In 1980, Dimayuga filed a petition to amend the designation to make the beneficiaries revocable, which the lower court granted. The Supreme Court held that this was an error, as under the applicable Insurance Act, a beneficiary designation cannot be changed without consent if designated as irrevocable. As the policy contract specified the designation as irrevocable, an
- Author
- Lord Aumar
- Language
- EN