THIS BLOG IS FOR SALE
, along with hundreds of other of my online newspapers and publications. My life is focused on my church, my spiritual and healing work. I am selling individual blogs (online magazine publications), all blogs, individually to the highest bidder. If you Like one of my online magazines, my publications, my intellectual property, and want to make me an offer, email me at ReverendCrystalCox@Gmail.com . This FOR Sale posted by Reverend Crystal Cox, Bringing Back Goddess Church.


Also Note, if you wish to hire me to do any online marketing or investigative blogging work use that same email.



Thursday, March 13, 2014

"Life Insurance Beneficiary Who Murdered Policyholder Is Not Entitled To Benefits"

"Applying the common law "slayer rule," a federal district court in New York held that a beneficiary of an ERISA-governed life insurance plan forfeit his claim to insurance proceeds after he pled guilty to murdering the policyholder. Metropolitan Life Ins. Co. v. Little, E.D.N.Y., No. 13-cv-1059-BMC, Aug. 17, 2013. The policy holder, Rosemary Little, named her son as a 60% beneficiary, and her grandson a 40% beneficiary. Rosemary's grandson pled guilty to murdering her.

After paying Rosemary's son 60% of the benefit, MetLife initiated an interpleader action seeking a direction from the court as to how to distribute the remaining 40% of the benefits. The son filed a counterclaim and motion for summary judgment seeking the remaining 40% of the benefit. The Court held that the grandson forfeited any claim to the remaining benefits because the slayer rule, a common law principle dating to the late nineteenth century, precludes an individual who causes the death of an insured from recovering under the insured's policy. The court thus ordered that the remaining proceeds be paid to the son, the only other named beneficiary under the policy."

http://www.mondaq.com/unitedstates/x/262118/Employee+Benefits+Compensation/Life+Insurance+Beneficiary+Who+Murdered+Policyholder+Is+Not+Entitled+To+Benefits

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.