L&HMImedium
Under Michigan's Estates and Protected Individuals Code, what happens to a designation naming a former spouse as beneficiary of a life insurance policy after divorce, absent contrary policy or court language?
The designation is automatically revoked by operation of law
BThe designation remains fully in effect
CThe designation converts to a 50% share with contingent beneficiaries
DThe designation must be re-confirmed in writing within 90 days
Why this is the answer
MCL 700.2807 (Michigan's Estates and Protected Individuals Code) automatically revokes a revocable beneficiary designation of a former spouse upon divorce or annulment, unless the policy, court order, or contract expressly provides otherwise.
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