Three years into their loving marriage, with two infant daughters at home in Los Angeles, Nicholas Arden and Ellen Wagstaff Arden are on a plane that goes down in the South Pacific. Although most passengers manage to survive the incident, Ellen presumably perishes when swept off her lifeboat, her body never recovered. Fast forward five years. Nicholas, wanting to move on with his life, has Ellen declared legally dead. Part of that moving on includes getting remarried, this time to a young woman named Bianca Steele, who, for their honeymoon, he plans to take to the same Monterrey resort where he and Ellen spent their honeymoon. On that very same day, Ellen is dropped off in Los Angeles by the Navy, who rescued her from the South Pacific island where she was stranded for the past five years. She asks the Navy not to publicize her rescue nor notify Nicholas as she wants to do so herself.

Although he's only seven, Eddie's got it all figured out. He wants his father, a widower, to get remarried — to the girl next door. Unfortunately, she's not one of the women that his dad's been dating.

Against the counsel of his friends, psychiatrist Dick Diver marries Nicole Warren, a beautiful but unstable young woman from a moneyed family. Thoroughly enraptured, he forsakes his career in medicine for life as a playboy, until one day Dick is charmed by Rosemary Hoyt, an American traveling abroad. The thought of Dick possibly being attracted to someone else sends Nicole on an emotional downward spiral that threatens to consume them both.