Must Spouse be beneficiary for Life insurance?

[Guest SCameron]

Under traditional Group Life Insurance plans, must the employer obtain a spousal waiver if the employee wants to name someone other than his/her spouse as 100% beneficiary?

[KIP KRAUS]

SCAMERON:

Unless there is a state insurance law in the state where your group life contract is sited that prohibits naming a non-spouse, the answer is no. The only restriction I've ever seen on beneficiary designation is that the employee can not name the employer as beneficiary.

I have never, in 20 years seen spousal provision such as you are asking about.

Check also with the group insurer who is underwriting the group plan.

[Guest SCameron]

Thanks for the feedback!

[Guest nac]

CT regs require naming of spouse as beneficiary.