life beneficiary

• Life Insurance Agent Owed Duty to Beneficiary, Says Iowa Supreme Court

An insurance agent can be sued for breaching a duty of care owed to the alleged intended beneficiary of a life insurance policy, the Iowa Supreme Court has ruled in reversing a summary judgment. In 1993, the plaintiff's husband met with an insurance agent to take out a life insurance policy for the purpose of satisfying his support obligation for a child from a previous marriage. As the child grew older, the husband changed the beneficiary designation to ensure that the plaintiff would get the balance of the life insurance proceeds after his daughter received the first $35,000.

• Lawyers USA
• July 24, 2012

• Aasiya Hassan's Life Insurance Disputed ; Beneficiary Change Form Allegedly a Forgery

Aasiya Z. Hassan took out a $450,000 life insurance policy in 2006, listing her two children and her three siblings as the beneficiaries. But a few months before she was slain, a change of beneficiary form was sent to her insurance company, making her husband, Muzzamil "Mo" Hassan, the main recipient of the insurance money.

• Buffalo News
• February 27, 2011

• 26 CFR 1.501(c)(9)-3 - Voluntary employees' beneficiary associations; life, sick, accident, or other benefits.

• Code of Federal Regulations - Title 26: Internal Revenue

• Finding Life Policy Recipient Difficult: ; State Currently Does Not Offer Search Services for Identifying Beneficiary

There is no easy way to find out if you are the beneficiary of a deceased relative's life insurance policy, according to state insurance and unclaimed property experts. Neither the state Offices of the Insurance Commissioner nor state Treasurer John Perdue's Unclaimed Property Division offers such a service.

• Charleston Daily Mail
• January 12, 2012

• Michele Eckelberry, in Her Capacity as Beneficiary, Plaintiff-Appellee, v. Reliastar Life Insurance Company, Defendant-Appellant., 469 F.3d 340 (4th Cir. 2006)

ARGUED: Bradley J. Betlach, Halleland, Lewis, Nilan & Johnson, P.A., Minneapolis, Minnesota, for Appellant. Charles Edward McDonough, Wiseman Law Firm...

• Federal Circuits

• Grzely v. Singer, (Ohio 2012)

CIVIL LAW - life insurance beneficiary; R.C. 5815.33; dissolution of marriage; effect of separation agreement; elimination of named beneficiary upon divorce or dissolution; no verbal modifications of separation agreement; intent of decedent.

• Ohio Supreme Court

• Life Insurance Beneficiary in Doubt

A Wisconsin-based insurance company is asking U.S. District Court in Pittsburgh to determine who gets nearly $700,000 in life- insurance benefits that were supposed to go to the widow of a murdered Mercer County doctor. Dr. Gulam Moonda, 69, of Hermitage, who was fatally shot May 13, 2005, along the Ohio Turnpike, took out two policies that name his wife, Donna Moonda, 47, as the sole beneficiary.

• Tribune - Review / Pittsburgh Tribune - Review
• December 23, 2006

• High Court Reinstates Dubuque Suit

The Iowa Supreme Court reversed a decision that summarily dismissed a Dubuque County woman's claim that an insurance company was negligent in its handling of her late husband's life insurance policy. In a 55-page, 4-3 decision filed July 6, the justices ruled that a life insurance agent owes a "duty of care" to the intended beneficiary of a life insurance policy and that a life insurance agent can be liable for negligent misrepresentation.

• Telegraph - Herald (Dubuque)
• July 15, 2012

• Virginia Kay Hays; Sandra Matthews, as Mother and Next Friend of Garrett Reid Hays, a Minor Child; Deana Lori Hays, Aka Deana Lori Simonsen, Beneficiary; Lou Emma Doppelmayr, Beneficiary, Plaintiffs--Appellants, v. Jackson National Life Insurance Company, a Michigan Corporation, Defendant-Appellee., 105 F.3d 583 (10th Cir. 1997)

Harry Scoufos (Thomas W. Condit, with him on the briefs), Law Offices of Harry Scoufos, P.C., Sallisaw, Oklahoma, for Plaintiffs-Appellants. Richard ...

• Federal Circuits

• Rev. Rul. 2006-26

clarifies circumstances under which the surviving spouse is considered to have a qualifying income interest for life in an IRA where a marital trust is designated as the IRA beneficiary for purposes of electing to have the IRA treated as qualifying terminable interest property under Section 2056(b)(7).

• United States. Internal Revenue Bulletin
• August 10, 2009