(215 ILCS 5/357.13) (from Ch. 73, par. 969.13)
Sec. 357.13.
"CHANGE OF BENEFICIARY:
Unless the insured makes an
irrevocable designation of beneficiary, the right to change of beneficiary
is reserved to the insured and the consent of the beneficiary or
beneficiaries shall not be requisite to surrender or assignment of this
policy or to any change of beneficiary or beneficiaries, or to any other
changes in this policy."
(The first clause of this provision, relating to the irrevocable
designation of beneficiary, may be omitted at the company's option.)
(Source: Laws 1967, p. 1735.)
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