My Ex Is Named As Beneficiary On My Life Insurance Policy? What Happens If I Die?

life insurance policy beneficiary designation divorce

An issue that comes up more often than many may think is the following scenario: One spouse names the other spouse as beneficiary of a ife insurance policy. Couple gets divorced. Beneficiary designation is never changed. Policy owner dies. Does the ex-spouse get the life insurance proceeds? For many years, this question was covered by case law arising from different jurisdictions, with some jurisdictions coming to the conclusion that if the beneficiary designation wasn’t changed, the ex-spouse still received the proceeds and others concluding that the divorce effectively acted as a termination of the beneficiary designation…READ MORE.

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