Requirements to change designated or named beneficiary of life insurance policy or annuity contract - Prohibition

A designated or named beneficiary of a life insurance policy or annuity contract: (1) Can be changed according to the terms of the life insurance policy or annuity contract; and (2) Cannot be changed in a will. Added by Act 2021, No. 925,§ 1, eff. 7/28/2021. A designated or named beneficiary of a life insurance policy or annuity contract: (1) Can be changed according to the terms of the life insurance policy or annuity contract; and (2) Cannot be changed in a will. Added by Act 2021, No. 925,§ 1, eff. 7/28/2021.