Clift
v. Connecticut General Life Insur. Co.,
210 F.3d 268 (5th Cir. 2000)-This
court found that the language in the divorce decree of Pamela and Phillip Clift
constituted a valid waiver of Pamela's status as beneficiary of Phillip's life
insurance policy, which he held through an employee benefit plan.
This court declined to set forth a rule that someone cannot effect a waiver in a divorce decree of one's beneficiary interest in a life insurance policy governed by ERISA without specifically listing the "proceeds," "beneficiary interest," or any such "magic words." The plain language of the divorce decree was clear in its effect: "[Pamela] is hereby divested of all right, title, interest, and claim in and to ... any and all policies of life insurance (including cash value) insuring the life of [Phillip]."