How To Handle Life Insurance Interpleaders

Law360, New York (October 18, 2012, 4:38 PM EDT) -- Interpleader actions allow a disinterested holder of property to deposit money or property with a court when there is a potential for a competing claim. After the property, or res, is deposited, the court decides how to distribute the property and discharges the disinterested property holder from further claims against the res.

Potential disputes over entitlement to life insurance proceeds frequently give rise to the need for life insurers to file interpleader actions and deposit the full policy benefits into the court. A typical fact pattern...
To view the full article, register now.