It depends on who is the owner of the policy. The policy owner has complete control of the policy once issued. If you are the owner you can cancel it or just change the beneficiary if you want. If she is the owner forget it. You have no say so on the policy.
yes you can just go to a insurance place and take out insurance policy he will have to be there also,
Yes, parents and children have an insurable interest, so you can have a life insurance policy on your son and daughter-in-law. If they both happen to die prematurely and minor children will become your responsibility, then life insurance is not only justified, but needed.
Life insurance policies can not be rolled over, only can be replaced. If you want to replace a whole life policy, it only can Be done for another similar product that has a cash Value option. Term insurance does not have a cash value account. So the answer is no, you can not replace a whole life insurance policy for a term. Isidro Garcia-Loera
yes if he wants u to and he would have to tell the insurance company that he doesn't want anything to go to his wife but to u
the meaning of life insurance is giving a husband or wife a chance to murder the other for the money
No. If you had life insurance before you got divorce, you can cancel the policy.
Only the policy-holder has the right to cancel. You have no say in the matter.
Yo I'm about to kill my wife how do I change my life insurance to her ;)
yes you can just go to a insurance place and take out insurance policy he will have to be there also,
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.
can the grand mom and her son take a life insurance policy out on me and his children without my {legal wife} permission
If you had life insurance to cover your wife and children, then you may have not realized you could have agreed (if you were divorced) that your wife would continue to have your life insurance policy. I have no idea where the grandparents came into this. Get a copy of the life insurance policy and see a lawyer about this. There is a little more to it and therefore, more complicated. You really need legal advice on this one. Sorry I couldn't help you more.
IS THIS FOR REAL?
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.
If she's still the beneficiary, yes. The life insurance policy is completely separate from the will.
You must keep the life insurance policy that was discussed in the divorce until your ex remarries. But there is nothing to keep you from buying a new policy and making your new wife ITS beneficiary. That has nothing to do with the divorce decree.
The circumstances can vary greatly here. It will depend on what the conditions of alimony are, for one. If the ex-husband isn't required to keep the ex-wife as a beneficiary on a life insurance policy, and decides to remove the ex-wife, then the ex-wife will receive nothing.