Question
Bill has a $500,000 life insurance policy naming his minor children as beneficiaries. Bill is shot and killed while breaking into his neighbor's home. Will
Bill has a $500,000 life insurance policy naming his minor children as beneficiaries. Bill is shot and killed while breaking into his neighbor's home. Will Bill's children likely be able to collect the life insurance proceeds?
A.No, all the proceeds will go to a state administrated crime victims' fund.
B.Yes, as it wouldn't be against public policy for beneficiaries to receive insurance proceeds in such a case.
C.No, policies often don't cover the insured when he/she violates the law.
D.Yes, but not entirely. They will be given an allowance for necessaries with the balance going to others.
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