Friday, September 13, 2013
In Metropolitan Life Ins. Co. v. Little, a federal district court in New York applied the common law “slayer rule” to forfeit a beneficiary’s claim to insurance proceeds.
Rosemary Little’s grandson was a 40% beneficiary of her ERISA-governed life insurance plan before he murdered her. The remaining proceeds will now go to the only other beneficiary, Rosemary’s son.
See Joseph E. Clark, Life Insurance Beneficiary Who Murdered Policyholder Is Not Entitled to Benefits, Mondaq, Sept. 11, 2013.