Funeral benefit designated to heirs bypasses estate under Insurance Act; marital agreement does not prevent widow's share.

The Insurance Court dismissed the appeal against the Pensions Board's decision regarding a funeral benefit designated to heirs. The insured's spouse argued that the benefit should be treated as part of the estate or subject to marital division, but the court held that the Insurance Act explicitly excludes such designated benefits from the estate. Consequently, the widow was entitled to her full share of the designated amount without it being divided among the children.