Topic : Parties – Beneficiaries
FACTS
Petitioners,legitimate wife and children of Loreto Maramag, filed for revocation and/or reduction of insurance proceeds against respondents for being void and/or inofficious with the Regional Trial Court. Respondents were Loreto’s illegitimate family – Eva de Guzman Maramag (Eva) was a concubine of Loreto and a suspect in the killing of the latter and the illegitimate children of Loreto—Odessa, Karl Brian, and Trisha Angelie.
Petitioner claim that Eva, being a concubine of Loreto and a suspect in his murder, is disqualified from being designated as beneficiary of the insurance policies, and that Eva’s children with Loreto, being illegitimate children, are entitled to a lesser share of the proceeds of the policies.
Both Insular and Grepalife countered that the insurance proceeds belong exclusively to the designated beneficiaries in the policies, not to the estate or to the heirs of the insured. Grepalife