Court-ordered life insurance protects financial obligations after divorce by requiring one spouse to maintain coverage for the other's benefit. In divorce settlements, courts may require one spouse (typically the payor of support) to maintain a [...]

Joint life insurance policies typically need to be modified or replaced following divorce proceedings When couples divorce, their joint life insurance policies require careful review and potential restructuring. The policy may need to be: Split [...]

Yes, you can insure an ex-spouse if you have insurable interest and their consent Getting life insurance on an ex-spouse is possible and often advisable when there are ongoing financial dependencies. Insurable interest must exist, [...]

Yes, a life insurance policyholder can generally change beneficiaries, but legal restrictions may apply A life insurance policyholder typically has the right to modify their beneficiary designations at any time, unless specific restrictions exist. However, [...]

Divorce significantly impacts life insurance policies by affecting beneficiaries, ownership, and financial obligations A divorce settlement typically requires careful review and potential modification of existing life insurance arrangements. Policy adjustments may be necessary to protect [...]

Life insurance policies remain valid after divorce but may require beneficiary updates A divorce does not automatically invalidate or cancel your life insurance policy. However, you'll likely want to review and update your policy details, [...]

Life insurance policies are typically considered marital assets if acquired during marriage A life insurance policy obtained during marriage is generally classified as a marital property and can be subject to division during divorce proceedings. [...]

Yes, you can keep your life insurance policy after divorce, but beneficiary updates are typically required Life insurance policies remain valid after divorce, but it's crucial to review and update your coverage to reflect your [...]