Beneficiaries in South Carolina

On January 1, 2014, Act 100 became effective in South Carolina. It provides that in the event of a divorce or annulment, a former spouse, who was earlier listed as the beneficiary to a life insurance policy, would not receive the proceeds of the policy, unless the life insurance policy, a court order, or a marital settlement contract expressly provides for the former spouse to continue as the beneficiary.

This provision was enacted as 2013 S.C. Act No. 100. To view the law please use internet address www.scstatehouse.gov/code/t62c002.php to view Section 62-2-507 of the South Carolina Code.

Beneficiaries in South Carolina

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