MetLife involved in strange battle surrounding Casey Kasem’s life insurance
Who will receive the death benefit from Casey Kasem’s $2,082,231 life insurance policy remains very much up in the air following MetLife’s decision last week to sue both his widow Jean Kasem and his four children (including three from his first marriage).
The suit, filed Oct. 30 in federal court, effectively asks a judge to decide to should get the proceeds from the policy in the wake of the beloved former “American Top 40” host’s death at the age of 82 on June 15. The adult children believe that Jean Kasem, trustee of the Casey Kasem Trust, may have been “involved in his death,” which if proven would disinherit her under California Probate Code 250.
In a Nov. 3 article on Courthouse New Service, MetLife says that without court intervention, it is "faced with the real and reasonable potential of duplicative or multiple liability." Calling itself an “interested stakeholder,” MetLife says it cannot pay out the death benefit “given the competing interests,” and requests that a judge settle the dispute and absolve the insurer of liability.
While the adult children assert that Jean Kasem essentially killed Casey by neglecting his care (she removed him from a nursing home, and he subsequently suffered a stage three bed sore and dehydration under her care), Jean’s lawyer sent a July 31 letter asserting that “one or more” of the children may have had a role in the insured’s demise.
As Casey Kasem’s health continued to deteriorate in 2013, Jean prevented any contact with her husband, particularly by his three children from his first marriage. In early 2014, it was announced by daughter (from his first marriage) Kerri Kasem that Casey was suffering from Lewy Body dementia, and due to his condition, he was no longer able to speak during his final months.
• Want to chime in with your thoughts on this strange case? Please visit this thread now.
Article continues on next page
- Agents Behaving Badly Part II
- Surprise! Do your clients know how Social Security income is taxed?
- Millennials’ love/hate relationship with insurance
- Bigger investment in purchased leads drives higher revenue and faster growth, new report affirms
- InsureTech news: Slice testing rideshare app; Lifester to match consumers, agents; Decisely gets $60M boost; Lemonade expands to Illinois
- Present your way to the top: 7 rules for building confidence
- Industry trade media brands disappearing: A closer look
- Millennial misconceptions of life insurance: a barrier to life ownership