Can anyone tell me about a life insurance law that says if you are divorced you cannot collect benefits?

Question

This would be in the state of Ohio

a judge, 2 agents and the claims department of New York Life have all said there is a law and will not pay off the policy

according to ohio revised code 1339.63 it doesn't matter if policy was taken out before may 31, 1990. But what if people were not even married when originally taken out policy but later married and then divorced.

Answer 1

Section 1339.63 of the Ohio Revised Code, which took effect on May 31, 1990, provides that upon the termination of a marriage by divorce, dissolution, or annulment, all life insurance beneficiary designations in favor of a former spouse are automatically terminated unless the divorce decree specifically provides otherwise.

Answer 2

The law does not matter. If you are the named beneficiary in the life policy, you will receive the death benefits.

Now, if the insured didn't name a beneficiary, the proceeds will go to his/her estate. You won't be able to touch his/her estate. Only family members can. Who gets what will be determined by the court. So, if you want to avoid this problem in the future, get yourself a Will. If you have life insurance, check who is your beneficiary.

Answer 3

Never heard of it, and I've been licensed for life in Ohio.

Whoever the policy owner names as beneficiary, collects the life insurance benefits.

Answer 4

the only time you will hear that, is when someone who wishes they were the bene. You can collect if you are single, married divorced, remarried, or anything else so long as you are the named bene.

Answer 5

Can not imagine this would be so. If you are the designated person to receive the benefit, you should receive regardless of marital status