3rd Circuit Affirms In Beneficiary And Guardian’s Row Over Estate’s Life Policy

( January 19, 2024, 2:00 PM EST) -- PHILADELPHIA — The Third Circuit U.S. Court of Appeals on Jan. 18 affirmed a district court’s order granting summary judgment to the beneficiary of a life insurance policy in an insurer’s interpleader action regarding whether the policy proceeds belong to the guardian of the decedent’s estate or to the policy’s beneficiary, finding that pursuant to Pennsylvania law, a guardian lacks the power to surrender an insurance policy....