Massachusetts woman Teena Kamal’s life insurance policy changed days before husband Rakesh’s murder-suicide

Massive debts, the threat of eviction and a last-minute change to a million-dollar life insurance policy culminated in a Massachusetts father killing his wife and daughter before taking his own life in their $5 million home, according to a report.

Rakesh Kamal, 57, his wife, Teena, 54, and their 18-year-old daughter, Arianna, were found dead in their Dover mansion as a result of a murder-suicide, authorities said.

Four days before the tragedy, a fax signed by Teena Kamal was sent to the Virginia-based life insurance company Genworth requesting a $1.25 million change to her life insurance policy, according to the Boston Globe.

Teena Kamal’s $1.25 million life insurance policy had a change of benefactor days before her death in 2023. Red Cross

The document sought to make Teena Kamal’s husband and daughter the primary benefactors while adding Rakesh’s brother, Manoj Kamal, as a contingent or back-up beneficiary.

The original policy for Teena, 54, listed Rakesh, 57, who went by Rick, as the sole primary beneficiary while Arianna was listed as contingent, in the event of her father’s death.

Since January, Rakesh’s brother, Manoj, and Teena’s brother, Sandeep Bedi, have been embroiled in a court battle as they expose their siblings’ dark financial pasts.

After the three deaths, Manoj, who was the one who discovered the bodies inside the home, filed a claim with the life insurance company to get the payout from the policy.

Bedi, who manages his sister’s estate, had “raised concerns” with the company about the circumstances of the deaths and the change of beneficiary form, according to the outlet.

Rakesh Kamal, 57, his wife, Teena, 54, and their 18-year-old daughter, Arianna, were found dead in their Dover mansion as a result of a murder-suicide.

Stuck with a decision on who the money goes to, the life insurance company asked a federal court in Boston in April to rule on the policy’s ultimate beneficiary.

Manoj and Bedi have until August 2 to respond to the report.

The two men could either settle or enter a potentially lengthy civil trial that could shed light on the motive behind the murder-suicide committed by the reported “dear” father.

Rakesh Kamal had racked up massive debt from the $3.8 million he took on the $4 million property he bought with his wife on Valentine’s Day 2019, as well as a six-figure loan from a family member and a series of bad business dealings on and off Boston area.

The software developer and entrepreneur had borrowed $500,000 from Bedi along with “a substantial amount of money” from his brother Manoj, two separate Boston Globe affidavits said.

Rakesh Kamal had accumulated huge debts from his mortgages, loans from family and bad business decisions. RickKamal/X
18-year-old Arianna was originally listed as a contingent beneficiary of her mother’s life insurance before she was made primary in the days before her death. ariasdreamery/Threads

Rakesh had demanded his brother-in-law not to tell Teena about the loan.

“I would never in my wildest dreams question what Rick is doing,” Bedi told the paper in January.

“We put him on a pedestal so high you can’t imagine,” he added. “So now, for us to reconcile not only that he murdered my sister and my niece, but that he lied to us for years – it just can’t even sink in.”

Along with the massive debt, a Chapter 13 bankruptcy petition was filed in Teena’s name in September 2022 with debts between $1 million and $10 million, Boston 25 News reported, citing federal bankruptcy filings.

The case was dismissed a month later when the required forms were not submitted.

In December 2022, the Kamals were ordered to vacate their 21-room Dover mansion, before being served with eviction proceedings in May 2023, according to the Boston Globe.

Rakesh also owed $760,000 to a Maryland-based company, nTech Connect, after it loaned $550,000 to a company Rakesh ran, Cambetas in December 2022.

Rakesh Kamal claimed that he would personally repay the business loan within four months as he was waiting for an “international wire transfer.”

He had guaranteed the loan himself, using his widowed mother’s home in Woburn as collateral because his Dover residence was in foreclosure.

The Kamals were found dead inside the mansion in Dover by Rakesh’s brother on 28 December 2023. New York Post

Bedi and the Norfolk District Attorney’s Office believe Teena died unaware of her husband’s enormous debt.

“Teena had no idea there were financial problems,” Bedi told the Boston Globe. “She thought they were rolling in money.”

If the case goes to court, Manoj would argue that the insurance company should follow the latest revision of Teena’s policy, with the money going to him as the policyholder.

Bedi’s argument would center on the validity of the policy change request form “questioning its proximity to the murders, or questioning whether the signature was indeed Teena Kamal’s.”

Arianna was remembered as “brilliant” and “deeply spiritual”. LinkedIn

Teena’s signature had a witness but it was not revealed who it was.

Genworth Policy does not allow the witness to also be a beneficiary.

If a judge or jury sided with Bedi’s argument, the life insurance would be settled based on the original, but since the original listed benefactors, Rakesh and Arianna, are dead, the money would go to Teena’s estate.

The money would first pay off legal fees, funeral expenses and any outstanding taxes before being issued to creditors and then next of kin.

Since Teena Kamal died intestate, the remaining property would go to her parents in India.

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