Legal Question in Insurance Law in Indiana
If a person dies suddenly; been divorced for few months; filed for divorce 9 months ago but forgot to turn in divorce papers to take spouse off life insurance policy. is that spouse still able to receive those benefits or would it go the second beneficiary? If the divorce degree states that the deceased individual shall have their individual property ie bank accounts, mutual funds or investments held in their individual name and not specifically awarded to wife
1 Answer from Attorneys
It doesn’t matter what the divorce decree said. The insurance policy is a contract between the holder and the insurance company by which a named beneficiary is determined. If the ex spouse is still a beneficiary, she gets the policy proceeds. That’s a house keeping item that often gets overlooked in a divorce.
Related Questions & Answers
-
Do I pay taxes on money received from husbands life insurance in Indiana? Asked 12/23/17, 8:51 am in United States Indiana Insurance Law
-
Can a life insurance company release information on who made a claim and got paid Asked 12/06/17, 7:56 pm in United States Indiana Insurance Law
-
My father just passes away but before he did he told me my brother and I will get... Asked 11/02/17, 12:01 pm in United States Indiana Insurance Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
