by lizking3 » Mon Oct 05, 2009 08:31 pm
I discovered a life insurance policy my ex-boyfriend had taken out on me 8 months before we split, naming him as the beneficiary but me as the owner. I was not involved in the application process and he has been paying the premium for the past six years. Is this legal?
Posted: Sun Jan 10, 2010 02:48 am Post Subject:
The only examples of death claims I know of for certain that have not been paid by insurers in the last 7-10 years involve instances of fraud or criminal conduct, but not gender/sexual orientation issues.
I think the most egregious example of life insurance fraud that the Cal Dept of Insurance has reported in the past 10 years was in 2001 or 2002. Seems this fellow assumed the identity of a person who would have been the same age, but died years earlier (apparently found the name and birth/death dates on a tombstone -- how difficult is that?). The fellow and his girlfriend and another female accomplice applied for about $6,000,000 in death benefits on the man from 5 or 6 companies, eventually accepting about $3,000,000 from 3 or 4 of them.
The whole thing fell apart when one of the female accomplices called one of the insurers to report the "death." Problem was the phone call was made on the day prior to the date of death shown on the phony death certificate. An "oops" in layman's language. A sharp claims examiner caught the problem and CDI ran the investigation. If I'm not mistaken, the trio went to prison for several years.
Another fellow was deep in debt, bought a little more than the exact amount of insurance necessary to eliminate the debt on his wife and kids, and shortly after policy issue the insureds were found in the family van at the bottom of an urban lake. Probably took about 30 minutes of thought for police to point the finger at the would-be debt-free husband.
You'll most likely have to find someone outside California with the direct knowledge you're seeking, because sexual orientation issues haven't been an issue in California for a number of years. The closest I can come to it is not exactly germane . . .
An insurer I was writing business for prior to passage of California's Registered Domestic Partners law about 6 or 7 years ago had a strange philosophy that allowed agents to write boyfriend/girlfriend on the same policy as if they were husband/wife. But they would refuse to allow two persons of the same gender to appear as "primary" and "spouse". As soon as the RDP law took effect, the restriction was dropped. It was never an issue with the same company to name persons of the same gender as beneficiary.
Posted: Sat Feb 20, 2010 08:26 pm Post Subject: no can do
The application can not be submitted if the persons do not have an insurable interest. All insurance brokers should know this.
Posted: Fri Oct 27, 2017 04:07 pm Post Subject:
You can have whoever you want s your beneficiary. I have my bff down on my policy after my bff are my kids. I trust my bff to handle the money and make sure my kids dad can't touch a dime. If it is YOUR policy and you put down a S.O. and break up but forget to change the beneficiary on it and you die. They still have right to it.
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Posted: Wed Mar 27, 2019 08:05 pm Post Subject: Change Bene
If you are the owner you can contact the life insurance company and change the beneficiary to someone other than your boyfriend.
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