Beneficiary Designations Redux: Hall v. MetLife

Beneficiary Designation in an Employee Benefit Plan May Take Precedence Over a Designated Will Beneficiary

Here’s a perennial problem.  A participant designates a beneficiary for the proceeds of his employee benefit plan.  Life moves on and, a few years later, he decides that his worldly goods should go to a different person. But he never gets around to changing his beneficiary designation in accordance with the terms of the plan.   Even if there is a new will naming an entirely different beneficiary, the original beneficiary designation is likely to be enforced.

The latest case to illustrate this lesson is Hall v. Metropolitan Life Insurance Company, decided on May 8, 2014 by the United States Court of Appeals for the Eighth Circuit. Read More →