Male   Female
  • Know this before disputing life insurance beneficiary
  • September 9, 2010
  • disputing a beneficiaryBy Hollie Smith

    You hired a divorce attorney, split your possessions amicably, remarried, and lived happily ever after for 30 years. Everything’s been taken care of, right? Wrong.

    Did you remember to change the beneficiary on your life insurance policy? If not, there’s a good chance your life insurance proceeds might go to your previous spouse, leaving your current partner with nothing more than a pile of bills.

    Eric Matlin, a Northbrook, Ill.-based estate planning lawyer recommends that life insurance policies should be reviewed every 3 to 5 years in order to avoid an ugly court battle later on.

    “It’s important to sit down with an attorney and reassess after a divorce, children, grandchildren, a death, getting an inheritance… even just the passage of time,” says Matlin. “Life changes.”

    But divorce isn’t the only instance a beneficiary may be disputed. What if your parents pass away and leave their insurance assets to someone you’ve never heard of? What if your spouse leaves all of their money to children from a previous marriage?

    Michael Overmann, a Chicago-based attorney, says disputing a beneficiary can be difficult, lengthy, and costly.

    “Once you add up attorney fees and court costs, it can be years before the dispute is resolved,” says Overmann. “A person might have a case if they can prove forgery, lack of capacity, or undue influence when choosing the beneficiary, but the key is proving it. The person could have really intended to name the person beneficiary.”

    Pages: 1 2

  • Category: Articles Library, Life Insurance, Videos

Leave a Reply



Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

Consumer Insurance Guide SM is owned by Life Quotes, Inc. 8205 South Cass Avenue, Darien, IL. For editorial, content feeds, advertising and lead purchase opportunities, contact Robert Bland at

Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates and, two online consumer insurance information services that cater to the needs of self-directed personal and corporate insurance shoppers.

About Us  |   Contact Us  |   Press Releases  |   The Best Privacy Policy  |   Life Insurance  |   Careers
For Agents & Brokers  |   Site Map  |  

Copyright ©1984-2015 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.