Suspect in Aruba Disappearance Took Out $1.5 Million Insurance Policy

September 27, 2013 Updated Aug 17, 2011 at 6:59 PM EDT

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Gary Giordano

September 27, 2013 Updated Aug 17, 2011 at 6:59 PM EDT

(ABCNews.com) Authorities in Aruba are investigating an insurance policy taken out by Gary Giordano before his trip to Aruba as a possible motive in the disappearance of missing Maryland woman Robyn Gardner.

The investigation into the $1.5 million accidental death policy on Gardner -- which names Giordano as a beneficiary -- has been confirmed exclusively with ABC News by a police source in Aruba.

Gardner, 35, has been missing for two weeks, since reportedly snorkeling with Giordano off of an isolated beach on August 2. The two traveled together from Maryland to Aruba on July 31. She is now presumed to be dead by Aruba police.

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