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Employer Benefits and Workplace

What if the employer life insurance beneficiary is wrong or outdated?

Short answer

If the named beneficiary is deceased or the designation is outdated, the insurer will look to the policy terms — often defaulting to the estate. You may be able to challenge this if you can show the deceased intended to name you…

What this usually means

If the named beneficiary is deceased or the designation is outdated, the insurer will look to the policy terms — often defaulting to the estate. You may be able to challenge this if you can show the deceased intended to name you. Consult an attorney if the amount is significant.

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