DeVane v. Travelers Insurance Company

Plaintiff raises two questions on appeal: (1) Did the separation agreement constitute a revocation of the designation of Betty as beneficiary under the group life and accident policy? (2) Did the absolute divorce obtained by Bobby operate as a revocation of the designation of Betty as beneficiary under the group life and accident policy? We answer both questions in the negative.(1) In Zachary v. Trust Co., 4 N.C. App. 221, 166 S.E. 2d 495 (1969), the court explained that “while the failure of the husband to exercise his power to change the beneficiary ordinarily indicates that he does not…