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Last Wills, Testament and Life Insurance |
Last Wills and Testament
It should be noticed that a new recipient designation will not cancel one insurance policy designation made before, except if the will mentions specifically the insurance policy (even in this case, the irrevocable beneficiary recipient keeps all its rights).
Jurisprudence bring back the case of a man who indicated on testament his new wife sole legatee of his succession. But he had not modified life insurance policy designation in favor of his new wife. The preceding life insurance policy beneficiary, in this case his ex-wife, claimed against the last wills and testament. The court has decided that assured capital will return to the preceding wife.
Divorce and Life Insurance
In the event of divorce if you receive an alimony make sure that the payments are assured.
There are two ways of proceeding:
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You can specify in the due form agreement that your ex-spouse must take a life insurance on its head and designate you as beneficiary recipient. To ensure that the recipient designation will not change without your assent, require that your ex-spouse names you irrevocable beneficiary.
You can take a life insurance on the head of your ex-conjoint. You name yourself as the beneficiary and pay the premiums. Nobody can then organizing the cancellation of the policy and you control completely the situation.
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Last Wills Testament