Life Insurance Divorce at Life

Life Insurance Divorce. If the ex that is paying for the policy is comfortable with maintaining it, the policy can remain. (1) replace the amount of child support;

And part of the process of untangling your lives will be managing and changing any existing life insurance policies you or your partner hold. Sometimes, life insurance as an issue can be overtaken in a divorce by other higher profile and more contentious issues such as child custody, alimony and asset division. Life insurance policies can be one of the more delicate knots to untie and oftentimes get overlooked in divorce.

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When negotiating your divorce settlement, it is important to designate who will be the owner of the life insurance policy. The divorce court mandates you to purchase life insurance in order to protect your child support payments. If life insurance is required to guarantee alimony, it may continue for as long as the alimony payments are required. Based on your individual needs, true blue compares the policies and rates of hundreds of different insurance companies to find your best solution.