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Not only is it a horrific crime, it's insurance fraud. And not being convicted (or even charged) in a death does not necessarily mean a beneficiary can collect.
...Slayer statutes have been enacted in 42 states, ...some states' statutes allow a court to consider proof other than a criminal conviction to show that a person should not receive their victim's life insurance death benefits. ...a beneficiary could avoid a murder rap but still lose out on the death benefit.