State RegulationsFL specificDifficulty 2/5
A Florida agent is counseling a client whose divorce will be final next month. The client's ex-spouse is still the revocable beneficiary on his life policy. What is the correct advice?
Select an option to reveal the answer and the full 3-part explanation — free, no signup.
Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under Chapter 627, Florida Statutes, the policyowner controls a revocable beneficiary designation and may change it by following the change-of-beneficiary procedure stated in the policy - typically a written request on the insurer's form. Because a divorce by itself has no effect on the designation, the agent should tell the client to submit the insurer's change form promptly; until the insurer receives and records it, the ex-spouse stays the beneficiary.
Why the other options are wrong
- A) The divorce decree does not void the designation by itself; only a properly filed change of beneficiary does.
- B) No automatic split between the ex-spouse and the estate exists under Florida law.
- D) Insurers do not monitor divorce proceedings and will not cancel or change a designation on their own initiative.
Memory hook
Only a signed change form moves the beneficiary - not the judge.