Can I Keep Life Insurance On Ex Husband’?
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63333 POINTSview profilePeggy MaceMost of the U.S.Once you have a life insurance policy on someone else, you can keep it, unless the court orders otherwise. In divorce proceedings, some judges will rule that the policy Owner is changed to the Insured, that the Beneficiary is changed, or something else. If there is no court ruling, you may keep the policy on your ex husband.Answered on February 17, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! There are a lot of exes who have gotten a windfall because the other spouse never changed the beneficiary. The answer really depends upon your divorce decree, and the State where you live. Whatever your Judge decreed as far as your insurance goes, is what you have to do. Some States will automatically dictate what has to happen, others don't. Please contact your agent, or your divorce lawyer to find out what laws will apply to you. Good luck, and thanks for asking!Answered on May 13, 2014flag this answer
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