Question

Suppose Jared purchases a life insurance policy. Life insurance policies do not vest until the promisee's death. Jared originally made his wife Carla the intended beneficiary, but now that they are divorced, he wishes to make his daughter Haley the beneficiary instead. Can Jared change the beneficiary?

Answer 1

Yes, Jared can change the beneficiary.

Step-by-step explanation:

The fact that Jared is still alive ceases Carla from vesting her rights as the beneficiary of the insurance policy. Moreover, the insurance policy providers already have the required provisions made to change the done beneficiary as per the will of the insurance policyholder.

This provision comes in line with the possible change of mind of the policyholder or the death of done beneficiary before the policyholder. Be that as it may, the recipient can disavow an enthusiasm for the approach and afterwards it would go to the unforeseen recipient.

Answer 2

Yes

Step-by-step explanation:

Based on the information provided within the question it can be said that, Yes Jared can change the beneficiary to be his daughter. Since the life insurance policies do not vest until the promisee's death and Jared is not dead, then the policy has not vested under Carla's name. Therefore Jared can still change it and make his daughter the beneficiary of the policy in the case of his untimely death.