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If that's what the divorce decree says, then yes. A divorce decree can contain any provisions that aren't actually illegal.
Beyond that, there must exist an "insurable interest" in order for one to insure the life of another. This can be based upon "love and affection" (which in this case probably does not exist), or it can be based upon some financial relationship. Absent a demonstrable insurable interest, the insurer will not issue a policy.
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Can husband cash in wife's insurance policy?
If the husband is the nominee of the wife's life policy,and in case of later's eventuality, he can claim the insurance proceeds and the Insurance Co. is legally bound to pay to the nominated husband.
Meaning of life insurance?
the meaning of life insurance is giving a husband or wife a chance to murder the other for the money
How do you make your ex husband drop you off your joint life insurance?
IT can be a taken by the house wife and the husband also
Can a wife take out a life insurance policy on her husband?
yes you can just go to a insurance place and take out insurance policy he will have to be there also,
Which insurance is primary for the husband when the husband and wife each have insurance through their jobs and husband is covered by the wifes insurance as well?
The husbands own insurance would be primary, and his wife's would be secondary.
Which medical insurance is primary for the wife when the husband and wife each have insurance through their jobs?
The Wifes
Can an life insurance policy be taken out on your children by the husband and grandmother with out your permission?
can the grand mom and her son take a life insurance policy out on me and his children without my {legal wife} permission
Who can own a life insurance policy on you?
A husband can buy a life insurance for his wife. Husband becomes the proposer and he is also the beneficiary in case of any unfortunate death of wife. Similarly a working wife can also propose a policy for her husband. Father or mother can take out a life insurance policy for their children. Children cannot take out life insurance policy on their parents name as there is no insurable interest for them to do so. Almost anyone with relationship interest can be the owner of someone else's life insurance policy. The further removed the proposed owner is form the insured, the harder it will be to explain ownership. Note that corporations can also be the owner of policies.
Could a wife contest her husband life insurance benefits claim because she not name the beneficiary?
If there was a Will made by the husband..and in that Will the husband left out the wife..then this matter would stay as is..and the wife will have to find other avenues to convince a judge by contesting the Will.If no Will is present,then this matter is dealt under the intestacy rules,and usually a probate,and the wife will have to prove her right to the Court. Life insurance alongwith all other estate matters are usually dealt within the Will in question..unless specific instructions in the Will have been left ,seperating the Life Insurance benefits from the Will. Take advice from a local lawyer.
Can husband collect life insurance if wife dies unexpectedly?
If the husband was the named beneficiary of the policy, if the policy was in force at the time of death, and if the cause of death was not excluded by the policy, the general answer is "Yes". If the beneficiary was the estate of the wife, the proceeds are paid to the estate. Then, if the husband was a beneficiary of the estate (either by virtue of a Will naming him as beneficiary, or if no Will, through the laws of intestate succession), he may be entitled to all or a part of the insurance proceeds. If the beneficiary of the life insurance policy was someone other than the husband as of the time of the wife's death, proceeds are payable to that person.
What are the requirements for survivorship life insurance?
Survivorship life insurance, also known as second-to-die insurance is a type of insurance, which pays out only when a husband and wife both die, so that the insurance money can be used to pay federal taxes. The requirement obviously is to be married.
How can you buy life insurance for your brother who can not afford it if he has children who would need this insurance to cover their expenses?
As you are a relative and not his wife, you would not have what they call an 'insurable interest' - such as a wife/husband, mother/father would. The solution would be to have him take out the insurance and you pay the premiums for him. == ==
