Russell Armstrong's sudden death has left those close to him scrambling to figure things out, including his life insurance situation and beneficiaries.
Apparently, he did have a policy that covered suicide, and the beneficiary is supposedly his son from his first marriage, not Taylor.
Aiden Armstrong, Russell's son, from his first marriage to Barbara Fredrickson, is believed to be the sole beneficiary of the policy.
Suicide is covered on some life insurance policies, and as long as the policy was taken out two years plus before the date of the suicide, and the premiums were paid and up to date, the beneficiary is entitled to the full amount of agreed payout.
"Aiden's mom, is trying to locate the documentation about Russell's life insurance policy. Barbara believes that there was a policy that named her son as the sole beneficiary at the time of Russell's suicide," the source reveals.
In a sea of bad news for Taylor, this just adds to it, as she's having major financial troubles right now.
Our hearts go out to those who are struggling in any way with his tragic passing.
[Image via WENN.]
Tags: cover, death, marriage, mom, russell armstrong, son, suicide, taylor, tragic