632.96 Beneficiaries in fraternal contracts. (1) Any owner may designate as beneficiary any person permitted by the laws of the fraternal. Those laws shall authorize the designation of the estate of a member or insured employee as beneficiary.(2) Subject to sub. (1), s. 632.48 applies.History: 1975 c. 373, 421; 1989 a. 336; 1997 a. 177.Legislative Council Note, 1975: Sub. (1) states a rule slightly more restrictive of the range of permitted beneficiaries than for commercial life insurance; this reflects the nature of the fraternal. Sub. (2) applies the general provision for life insurance, subject to sub. (1). [Bill 643-S]
Wisconsin Legal Code