Life insurance policy or annuity contract - Proceeds

A testamentary change to a designated or named beneficiary of a life insurance policy or annuity contract is ineffective if the change is not made according to the terms of the life insurance policy or annuity contract. Added by Act 2021, No. 925,§ 2, eff. 7/28/2021. A testamentary change to a designated or named beneficiary of a life insurance policy or annuity contract is ineffective if the change is not made according to the terms of the life insurance policy or annuity contract. Added by Act 2021, No. 925,§ 2, eff. 7/28/2021.