High Court Asked To Decide Reach Of Life Insurance Beneficiary Revocation

Mealey's (October 31, 2017, 12:57 PM EDT) -- WASHINGTON, D.C. — The U.S. Supreme Court should resolve a circuit split and decide whether the application of a revocation-upon-divorce statute to a life insurance policy contract signed before the statute’s enactment violates the contract clause of the U.S. Constitution, two individuals named as contingent beneficiaries of their father’s policy argue in a reply brief filed Oct. 6 in the U.S. Supreme Court (Ashley Sveen, et al. v. Kay Melin, et al., No. 16-1432, U.S. Sup.)....