FL- Distribution when a co-beneficiary is deceased

[Derek94533]

What is the name of your state (only U.S. law)? Florida. In 2001, my father named his three children and a niece as beneficiaries for his life insurance policy, specifying 30% to each child and 10% to the niece. In 2005, one of the three children died. He never updated the beneficiary statement before he died. How should the proceeds be distributed under FL law?

 

[justalayman]

you need to address this with the insurance company to see if this is addressed contractually.

 

[Betty]

If you father put nothing in the beneficiary designation how a deceased
bene's share should be distributed, then the policy provisions will apply as justalayman noted.