Thursday, July 11, 2024

Divorce and Life Insurance

 

Miss. Code Ann. Section 91-29-23 revokes a divorced spouse’s designation as life insurance beneficiary (absent some specified exceptions) from and after July 1, 2020.

 Prior to July 1, 2020, the mere act of divorce in Mississippi did NOT divest a spouse of her rights as the designated beneficiary under a life insurance policy insuring the life of her ex husband.  First Columbus Nat. Bank vs. D.S. Pate Lumber Co., 141 So. 767 (Miss. 1932)

No comments:

Post a Comment