Declared unconstitutional on June 26, 2013, by the United States Supreme Court, on June 26, 2013, was a portion of the Defense of Marriage Act (DOMA) stating that same-sex marriages, that are recognized under state law, must also be recognized for purposes of federal law.
For many life insurance companies, how this will impact the issuance of contracts and policies is yet to be determined, especially by those states which do not recognize same-sex marriage.
Life insurance agents —- to insure that you are in compliance with this new ruling and all state and federal laws and regulations, be certain, when listing relationship on your applications that you list as spouse, no matter which state you’re working in when working with same-sex couples. This is for those same-sex couples that hold a marriage license and one of the parties is a beneficiary.
As a member of an industry and organizations that are looking closely at this new development and how it impacts insurance companies, I will keep you informed of new industry guidelines as they become available along the matter of same-sex marriage and others as well.
Just a tidbit of information, especially intended for my peers in the insurance industry. I hope that if you did not already possess this information, that this information was helpful.
(c) 2013 D.C. Brown