Can You Keep Life Insurance On An Ex Spouse?
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63333 POINTSview profilePeggy MaceMost of the U.S.If you are the owner of a life insurance policy, you are the person who has all the rights to that policy, including your beneficiary. If you had life insurance on your spouse and then got divorced, you can keep that policy unless the judge rules otherwise.Answered on December 11, 2013flag this answer
3998 POINTSview profileMatt BenoreFounder, DenverWest Insurance Professionals, Inc.,Yes, you can keep the policy on an ex-spouse however when you are divorced, you may have to take some extra steps to keep this policy from being disputed. Each state is different however here in Colorado, unless the separated parties acknowledge that the policy is in force and wanted (outside of a court order), it could be disputed. I would recommend talking to a divorce/family attorney to make sure you follow the steps to keep the policy in-force and avoid surprises later.Answered on December 11, 2013flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! The simple answer is as long as there is still an insurable risk of loss, than yes - the two of you have kids together, business interests, etc. If there are no ties, and you made a clean break, it might be a little tougher. Not knowing your situation, makes it tough to give you a specific answer. If you would like, contact me and I will try to give you a better answer. Thanks for asking!Answered on April 16, 2014flag this answer
947 POINTSContact Meview profileJose S Sanchez JrPROPresident, The Insurance Advisor, Burr Ridge, ILHaving Life Insurance on an Ex Spouse is actually pretty common and in certain situation is required by the state if there are minor children from the marriage. I have meet with many people that have gone through a divorce and we have called their ex to talk about life insurance policies from everything like college funding to burial. Most ex spouses don't have a problem with the conversation as long as it's open and honest.Answered on March 25, 2015+01+1 this answer
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