J. Michael Young J. Michael Young

The Divorce Decree Said One Thing. The Beneficiary Form Said Another.

They married in 2018 and divorced in 2021. The agreed decree was specific. Any insurance policy covering his life was awarded to him as sole and separate property, and his former spouse was divested of all right, title, interest, and claim in it. Both of them signed off on the form and substance of that decree, and the court entered it as a final judgment.

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J. Michael Young J. Michael Young

Thirteen Days Into the ICU, Every Beneficiary Changed

He was seventy five and had been married nineteen years. Over his career he had built a portfolio of annuities and brokerage accounts worth more than $2.5 million. His wife had been the sole primary beneficiary on every one of them for years. A portfolio report from a few years earlier listed her at 100 percent across the board, with his estate as contingent.

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J. Michael Young J. Michael Young

The Beneficiary Change Signed in Hospice

A woman dying of breast cancer signed a form in a hospice facility changing the beneficiary on her employer group life insurance policy. She named her two sisters and two longtime coworkers. She died nine days later.

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J. Michael Young J. Michael Young

The Beneficiary Form That Was Never Filed

In her final weeks, after a stroke, she made her wishes clear more than once. She told her pastor. She signed a document about her assets that a nurse witnessed.

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J. Michael Young J. Michael Young

The Denial Based on a Counselor’s Notes

A man died at the end of December. His wife was the sole primary beneficiary of his $300,000 life insurance policy, and she had been named there from the start. She gave the company everything it asked for, including the death certificate.

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J. Michael Young J. Michael Young

The Policy With No Beneficiary at All

A man spent most of his career at a large bank. He carried life insurance and accidental death coverage through his employer worth $350,000 combined. When he died he had never filled out a beneficiary form for either one.

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