Should Divorce Revoke The Beneficiary Designation In An Insurance Policy?

In Ontario, when a person gets divorced and then dies his/her bequest in their will to the former spouse is revoked.¹ The law reads the will as if the former spouse died first.  So what happens when someone owned an insurance policy that designated the former spouse as the beneficiary – or what about the RRSP?  Does divorce automatically revoke those designations?                                                            

Read More: https://www.wagnersidlofsky.com/should-divorce-revoke-the-beneficiary-designation-in-an-insurance-policy