Peterson
Principal Life Insurance v. Peterson
Opinion
lead Opinion
Ardaiz, J.
Probate Code section 252 provides that when the named beneficiary of a life insurance policy “feloniously and intentionally kills” the person whose life is insured, the beneficiary “is not entitled to any benefit under the . . . policy . . . , and it becomes payable as though the killer had predeceased the decedent.” (Ibid.) Appellant is the named beneficiary of a $250,000 life insurance policy insuring the life of his late wife, Laci Peterson. On November 12, 2004, a jury found appellant guilty of the first degree murder of Laci Peterson, and on March 16, 2005, the San Mateo County Superior Court entered a commitment judgment of death in appellant’s criminal trial. That judgment is presently on appeal in the California Supreme Court.
The present appeal is from a judgment in a civil action awarding the life insurance proceeds to the Estate of Laci Peterson (the Estate). 1 The insurer, Principal Life Insurance Company (Principal), brought an interpleader action (see Code Civ. Proc., § 386) alleging that both appellant and the Estate claimed to be entitled to the life insurance proceeds. Principal asked for an order discharging it from any liability to appellant or to the…