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Jeremy W. RichterJeremy W. Richter
Jeremy W. RichterJeremy W. Richter
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insurance policy

Momma’s Mad the Ex-Wife Gets the Life Insurance Proceeds

Momma’s Mad the Ex-Wife Gets the Life Insurance Proceeds

Mar 23, 2017

Delores Aderholt v. Sandra R. Aderholt McDonald: The general rule in Alabama is that the named beneficiary of a life insurance is entitled to the proceeds from the policy, and the general rule is not usually interrupted by divorce and has only two exceptions. The Facts of the Matter In 1993, Alfa Life Insurance Corporation issued a $150,000.00 life insurance policy to Bobby Aderholt. The policy provided that upon Bobby’s death, the beneficiary would be the person named in the application. Bobby wrote in the name of his then-wife Sandra as the sole beneficiary. Bobby and Sandra divorced in 2004....

When Is an Insurance Policy Endorsement Valid?

Mar 16, 2017

Under Alabama Code (1975) § 27-14-1, an insurance policy is comprised of a “written contract of, or written agreement for, or effecting, insurance, by whatever name called, and includes all clauses, riders, endorsements, and papers attached, or issued and delivered for attachment thereto and made a part thereof.” In order for an endorsement to be effective, it must be either (1) attached to the policy, or (2) sufficiently referenced in either the policy or the endorsement to be identified as related to the policy.[1] Signing the Insurance Policy Endorsement (or Not) An insurance policy endorsement does not have to be...

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