In Reeves v. Reeves, 236 Ga. 209, 211 (1) (223 SE2d 112) (1976), the husband, through a property settlement agreement, agreed to maintain his life insurance policies in force and to name his minor children as beneficiaries. Id. at 210. After the divorce, the husband did not name his minor children as beneficiaries of the policies as he had agreed and then named his second wife as the beneficiary upon his remarriage. Our Supreme Court concluded that the minor children nevertheless had a vested interest in the policies as those contracts existed on the date of the entry of the divorce decree, and thus the second wife was not entitled to the insurance proceeds to the extent of the children's vested interest. Id. at 212 (1).