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

Massive debt, the threat of eviction and a last-minute change to a million-dollar life insurance policy led a Massachusetts father to kill his wife and daughter and then take his own life in their $5 million home, according to a report.

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

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

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

The document proposed making Teena Kamal’s husband and daughter the primary beneficiaries and adding Rakesh’s brother Manoj Kamal as a substitute beneficiary.

The original policy for 54-year-old Teena listed 57-year-old Rakesh, known as Rick, as the sole primary beneficiary, while Arianna was listed as the alternate 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 legal battle for exposing their siblings’ shady financial past.

After the three deaths, Manoj, who discovered the bodies in the house, submitted a claim to the life insurance company for a payout from the policy.

Bedi, who manages his sister’s estate, raised “concerns” with the company about the circumstances of the deaths and the change in beneficiary status, the outlet said.

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

Faced with the question of who should receive the money, the life insurance company asked a federal court in Boston in April to determine the ultimate beneficiary of the policy.

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

The two men can either reach an agreement or face a potentially lengthy civil trial that could shed light on the motive behind the murder-suicide committed by the allegedly “doting” father.

Rakesh Kamal had accumulated enormous debts, ranging from the $3.8 million mortgage he took out on the $4 million estate he bought with his wife on Valentine’s Day 2019, to a six-figure loan from a family member, to a series of bad business deals in and outside of Boston.

The software developer and entrepreneur had borrowed $500,000 from Bedi and “a substantial sum of money” from his brother Manoj, according to two separate affidavits seen by the Boston Globe.

Rakesh Kamal had accumulated enormous debts through his mortgage, family loans and bad business decisions. RickKamal/X
Arianna, 18, was originally listed as a conditional beneficiary on her mother’s life insurance policy before being named primary beneficiary just days before her death. ariasdreamery/Topics

Rakesh had asked 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 newspaper in January.

“We’ve put him on such a high pedestal that you can’t imagine it,” he added. “And now we can’t accept not only that he murdered my sister and my niece, but that he lied to us for years – that’s just incomprehensible.”

In addition to the massive debt, a Chapter 13 bankruptcy petition was filed in Teena’s name in September 2022, listing liabilities ranging from $1 million to $10 million, Boston 25 News reported, citing federal bankruptcy filings.

The case was dismissed a month later because the required forms were not filed.

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

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

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

He had guaranteed the loan himself and used his widowed mother’s house in Woburn as collateral because his residence in Dover was in the process of being foreclosed on.

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

Bedi and the Norfolk District Attorney’s Office believe Teena died without knowing about her husband’s enormous debts.

“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 and the money should go to him as a contingent beneficiary.

Bedi’s argument revolves around the validity of the policy change motion, “by questioning its proximity to the murders or questioning whether the signature really belongs to Teena Kamal.”

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

Teena’s signature was witnessed, but it was not revealed who it was.

Genworth’s policy does not allow the witness to also be a beneficiary.

If a judge or jury follows Bedi’s reasoning, the life insurance will be decided based on the original policy. However, because the original beneficiaries listed, Rakesh and Arianna, are deceased, the money will go to Teena’s estate.

The money would first be used to pay legal and funeral costs and any outstanding taxes before being paid out to creditors and then to next of kin.

Since Teena Kamal left no will, the remaining estate would go to her parents in India.

By Aurora