Oregon Statutes 112.515 – Proceeds of insurance on life and other benefit plans of decedent
(1) Except as provided under subsection (2) of this section, proceeds payable under any of the following instruments to or for the benefit of a slayer of a decedent or an abuser of a decedent, as beneficiary or assignee of the decedent or as beneficiary or assignee of an heir or devisee of the decedent, must be paid to the secondary beneficiary or, if there is no secondary beneficiary, to the personal representative of the estate of the decedent or the decedent’s heir or devisee:
Terms Used In Oregon Statutes 112.515
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Decedent: A deceased person.
(a) A policy or certificate of insurance on the life of the decedent.
(b) A certificate of membership in any benevolent association or organization on the life of the decedent.
(c) Rights of the decedent as survivor of a joint life policy.
(d) Proceeds under any pension, profit-sharing or other plan.
(2) Proceeds payable under any of the instruments specified in subsection (1) of this section to or for the benefit of a slayer of a decedent or an abuser of a decedent as beneficiary or assignee of an heir or devisee of the decedent shall be paid to the slayer or abuser if the heir or devisee specifically provides for that payment by written instrument executed after the death of the decedent. [1969 c.591 § 64; 2005 c.270 § 7; 2005 c.535 § 2a]