Life insurance beneficiary question.

May 4, 2019

  1. miaburke
    Offline

    miaburke New Member

    Posts:
    1
    Likes Received:
    0
    State:
    Mississippi
    My brother passed about a month ago, and he had me named as the beneficiary on his life insurance he had with his job. He also had me named on his accidental death policy as the beneficiary.He told me he did this because of how I helped him financially with his kids and he knew I would continue to do so after death. Fast forward to today I found out his job gave the life insurance to his wife because she did not sign off on it. He didn't put it in her name because he have two other kids from a previous relationship and felt she would not give them anything out of it.He was right because she moved to a different city and bought a house. I live in the state of Mississippi. He was just 30 years old when he died unexpectedly and did not have a will yet.
     
  2. joe92275
    Offline

    joe92275 Super Genius

    Posts:
    170
    Likes Received:
    60
    State:
    Florida
    Sounds like you need to consult an attorney
     
  3. DHK
    Offline

    DHK "YOU CAN'T HANDLE THE TRUTH!"

    Posts:
    8,262
    Likes Received:
    2,047
    State:
    California
    In some states, such as California, to name anyone else other than the spouse as a primary beneficiary would require that the spouse acknowledge and give consent to the other beneficiary designation.

    Btw, if this requirement wasn't made clear to the insured... then there's the possibility of lawsuit to the employer. Obviously not legal advice, but certainly a consideration.
     
    Last edited: May 4, 2019
    DHK, May 4, 2019
    #3
  4. martha ramirez
    Offline

    martha ramirez New Member

    Posts:
    15
    Likes Received:
    19
    State:
    Indiana
    This certainly sounds like something that you might want to consult an attorney on. @DHK is correct that some states have laws requiring a spouse to sign off on changes such as this. However, if the insured was not advised that this needed to happen, there may be some fault on the part of the employer/insurance company that represented the policy.
     
Loading...