Life Insurance for the Survivor

A life insurance policy is in place to protect loved ones when you’re the main breadwinner of the family. Should something happen to you, your family will be financially protected.

For those who come to LifeInsuranceQuotes.com for their life insurance quotes, they not only afford themselves reliable quotes, but also educate themselves on how life insurance works, how it benefits loved ones, and how best to go about shopping for it.

Sometimes in the light of tragedy, good things do evolve, including where life insurance is involved.

In 2009, a Florida woman and her children were slain, with the woman’s husband later confessing to the killing.

Fortunately, the woman had taken out a $100,000 life insurance policy for her family while she was employed at Publix for more than a decade. According to a judge, that life insurance policy can go to the woman’s mother, the children’s grandmother.

According to one individual who was very familiar with the tragedy, “This is actually a sad case. This was the man who killed his wife and five children. Other than her last paycheck and some insignificant assets, she had a life insurance policy of $100,000.” The husband, who was being held without bail in a county jail on six counts of murder, agreed to sign a release that relinquished all claims to his wife’s insurance proceeds.

As a result of the ‘slayer statute,’ the defendant has not been convicted of murder, although he has confessed. Meantime, the woman’s signature could allow the funds to be passed on to her mother once the estate’s bills have been satisfied.

Proceeds from the policy were being kept in an interest-bearing account by Publix as it awaited a judge’s ruling to determine that the husband wasn’t entitled to any funds.

Florida’s “slayer statute” prohibits an individual involved in a decedent’s death from getting any of the decedent’s property.

As a result of the statute, 732.802, a conviction is conclusive, but minus that, a judge can decide by the greater weight – a preponderance– of the evidence whether the killing was unlawful and intentional. The judge stated that since the defendant confessed, that constitutes a preponderance.