Frequently Asked Questions
Will I need more coverage if I remarry after the divorce?
You should update your insurance policy after remarriage to account for potential changes in your coverage needs. Remember to consider any new dependents you may have.
Can my ex-spouse take out a life insurance policy on me without my consent?
No, your ex-spouse usually needs your knowledge and consent to take out a life insurance policy on you.
What if I already have life insurance through my employer?
Employer-sponsored life insurance is valuable. However, more is needed. Add an individual policy that aligns with your specific needs.
Can my ex-husband remove me from his life insurance?
If your ex-husband owns the policy and is not financially supporting you after the divorce, they can remove them as your beneficiary.
Is a life insurance policy considered a marital asset?
It depends on the type of policy you have. If you have a permanent life insurance policy, those have a cash value component that can grow over time, so such policies can be considered a marital asset.