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Wills, Trusts & Estates Keyed to Sterk
Minnesota Life Ins. Co. v. Rings
Citation:
240 F. Supp.3d 754 (2017)Facts
David Rings, who had no children of his own, and his wife Teresa, who had a son from a prior relationship, died within 25 minutes of each other under unclear circumstances on September 2, 2015. David held two life insurance policies through his employer. The policies stipulate that benefits are paid to designated beneficiaries, with the requirement that the beneficiary be alive at the insured’s death. In cases of simultaneous death, the policies assume the insured outlived the beneficiary. If no beneficiaries are named or surviving, benefits are paid to the insured’s spouse, children, parents, or estate in that order. With uncertainty about the timing of the deaths and no explicit beneficiary mentioned, the resolution depends on the policy’s hierarchy of eligibility.
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