Legal Question in Insurance Law in California
Mistress named as beneficiary on life insurance policy
While married, can a man designate his mistress as the beneficiary on his life insurance policy. Would there be any problems collecting in the event of his death?
2 Answers from Attorneys
Re: Mistress named as beneficiary on life insurance policy
To the extent that the premiums were paid with community property assets, I believe the spouse might have a claim for up to 1/2 of the benefits.
Re: Mistress named as beneficiary on life insurance policy
If there are funds that were gifts from relatives to the man, those would be separate funds. Likewise, if he uses funds from the sale of property held before the marriage, those could be separate funds. Maybe the mistress could purchase the policy on his life. If his wife ever found out, though, she would not be too happy.
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