She Got the House… AND the Life Insurance Policy?
When it comes to life insurance policies, ensuring that the right beneficiary is listed is crucial.
The case of Warren Hillman serves as a cautionary tale. As reported by Forbes, Hillman had a life insurance policy and, after his divorce, designated his former wife as the beneficiary. However, he subsequently remarried but failed to change the beneficiary designation. When Hillman passed away, his ex-wife collected the life insurance payout, leaving his current wife without any financial support. Read more here: https://arandagency.mylivingbenefits.com/blog/shegotthehouseandthelifeinsurancepolicy