Can A Beneficiary Of Life Insurance Be Contested?

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    David RacichPRO
    Fountain Hills, Arizona
    The policy owner has the right to change beneficiaries of a life insurance policy. If the policy owner changed beneficiaries and it could be proved that the policy owner’s competency was in question or that compulsion was used to manipulate the policy owner into making beneficiaries changes, it may be grounds to contest those changes in court. Consult with an attorney before moving forward with any action.
     
    Answered on July 7, 2013
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    Ted Ratliff
    Owner, SFS Associates,
    From the insurance companies standpoint, the proceeds will only be paid to the named beneficiary.  It would be difficult to contest.  You would have to prove mental incompetency or coersion in court.  If successful the proceeds would most likely be paid to the estate or in some cases the prior beneficiary but that would be up to the court.  You would need to see an attorney.
    Answered on July 8, 2013
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