Tom, Leanne, and Rahini carried on business together in partnership. Arrangements were made whereby each partner held a policy of life insurance on the other partners, and were the beneficiaries named in the policies. Several years later, Tom murdered Leanne. Tom cannot collect the proceeds of the insurance policy on Leanne's life because Tom was responsible for Leanne's death.

Question

Quizplus · Accepted Answer

The "Slayer Rule" generally prevents an individual from benefiting from their own wrongdoing, specifically in cases where they cause the death of another person from whom they stand to inherit or receive benefits, such as life insurance proceeds.

Tom, Leanne, and Rahini Carried on Business Together in Partnership