Legal Question in Insurance Law in Texas

Cashing in Mass Mutual Insurance policies when a divorce decree states not to.

When stated in a divorce decree that the husband must pay premiums and OWN the policies, and name the children beneficiaries. However upon the Fathers death realize that he cashed in all policies in 1974? Is the Mass Mutual insurance company liable to pay the again? or is it the step mother who owns a big beautiful home liable?


Asked on 4/23/01, 7:45 pm

1 Answer from Attorneys
Joe Gregory Gregory & Gregory

Re: Cashing in Mass Mutual Insurance policies when a divorce decree states not t

First, the life insurance company would probably not be liable.

Second, the father's estate can probably be held responsible for payment of the amount of the death benefits that would have been payable had the policies been in effect on the date of his death.

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Answered on 6/14/01, 6:30 pm


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