Quote:
Originally Posted by Stearns
If you have a private insurance policy, you can name your beneficiary and it will stand. However, with traditional pension plans, same gender spouses, sadly, are not usually allowed to receive death benefits.
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You're right, pensions have a whole different set of rules.
I know that on my job we are covered for 2 years of salary as life insurance through the company, and that can be designated to anyone. If I were not to designate, then it follows the usual rules of estate distribution (spouse first, kids second, etc.)
I still think the critical message is don't trust family to do the right thing after you're gone. We have to do the legal paperwork to ensure that our loved ones get everything they can, and that we want them to have.