I've always heard that a person must be missing for 7 years before being declared dead in order to collect their life insurance. It may vary according to state laws or life insurance company rules.Some legal questions for WS attorneys or members with knowledge about life insurance law. IF BM murdered SM and got away with it for the time being would he be able to collect on her life insurance? Or would he need her body to be found before the life insurance company released those funds? Does life insurance pay at all if missing person is not declared deceased? How long does a person have to be missing before being declared dead? I’m thinking there must be a long period of time before he could collect those proceeds if she is not found. It would probably benefit him more financially if her remains were found. If BM were declared a POI by LE does that put a pause on collecting life insurance? Pondering different motives...TIA!
However, if SM is found dead, I suppose BM can collect her life insurance. Unless Investigators prove that BM is responsible for SM's death. Then, I would hope the life insurance would go to her daughters. MOO