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mutual omaha beneficiary form

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Suite 130 El Segundo CA 90245 Community Property Consent To Be Completed by the Members s Spouse If Applicable consent to such designation. If you do not obtain your spouse s consent to the foregoing designation s then such designation s then such designation s may not be effective. Use of the term spouse on this form refers to the person to whom the member above is legally married or the member s domestic partner or equivalent as recognized and allowed by federal law or by state law in your...
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Under Community Property Law; If the beneficiary was married to the policyholder until his death and then later divorced, both spouses are entitled to the entire benefit. The estate of the divorced person, however, gets only half. Note that if the insured and beneficiary were both married when the spouse died (in a common law marriage), then the family court in California has the right to decide whose estate receives the life insurance.
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