Woman hires hit man to kill husband for insurance proceeds

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  • Woman hires hit man to kill husband for insurance proceeds
  • May 4th, 2010 10:10 AM
  • murder collect life insuranceBy Life Quotes, Inc. Staff

    After the 1990 contract killing of her husband, Barbara Kogan plead guilty to hiring a hitman to murder her husband outside of his girlfriend’s penthouse apartment, subsequently leaving his $4.3 million life insurance policy in her hands, the Associated Press reports.

    Kogan was charged with her husband’s murder two years ago, but plead guilty on Thursday to first-degree manslaughter, conspiracy to commit second-degree murder and grand larceny, reports the AP. At the time of Kogan’s murder, he and his wife were going through a bitter divorce process. Mrs. Kogan admitted to hiring the hitman through her attorney.

    Kogan’s attorney, Manuel Martinez, is currently serving a sentence of 25 years to life for his role in the murder, the AP reports.

    Life insurance policyholders going through a divorce or other life events in which beneficiary information changes should update their policies as soon as possible. Life insurance policies are non-probate assets, meaning that the beneficiary listed on the policy will receive the benefits, even if the policyholder’s will dictates otherwise.

    This article was originally published by Life Quotes, Inc.

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