If the life insurance is already in force and you are the owner you can keep it and she can do nothing about it. Any other scenario you would need her permission, ok, signature or what have you.
Added: In many divorce-type situations it is a court ordered requirement of the divorce decree that a life insurance policy on the life of the alimony/child support-payer be kept in force at all times.
If I m listed on my ex husbands employee life insurance after 10 years can i keep it. Check was issued to me
You cannot. In case of any claim after your divorce and the policy bond is in your possession, the claim will be summarily rejected by the insurance company. It's advisable to surrender the policy on your ex husband to the insurance company against official receipt.
An ex husband can change his life insurance beneficiary IF there is no court order for him to maintain it as it was during the marriage..from a life agent of 24 years
== == Yes. You only have to show "Insurable Interest" when the policy is taken out. What if there are children involved or spousal support to be paid?
You can take out a life insurance policy on anyone, regardless of marriage or blood line, AS LONG AS you can prove that their death would be a financial hardship for you. So if ex partner is giving you child support, then yes you can take out a policy.
If I m listed on my ex husbands employee life insurance after 10 years can i keep it. Check was issued to me
Unless you were ordered by the court, as part of the divorce settlement, to keep your ex-husband as the beneficiary on your life insurance then you can make a change in the beneficiary with your insurance company.
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.
You cannot. In case of any claim after your divorce and the policy bond is in your possession, the claim will be summarily rejected by the insurance company. It's advisable to surrender the policy on your ex husband to the insurance company against official receipt.
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.
An ex husband can change his life insurance beneficiary IF there is no court order for him to maintain it as it was during the marriage..from a life agent of 24 years
If you still have financial obligations together or rely on her for any kind of financial payments you should. It is not wrong to maintain the insurance on her if you choose.
== == Yes. You only have to show "Insurable Interest" when the policy is taken out. What if there are children involved or spousal support to be paid?
Yes it dose
The Florida Probate Code In Florida, divorce does not remove the ex-spouse as beneficiary under a life insurance policy. Florida takes the position that the life insurance policy is a contract and should not be interfered with unless fraud is involved. Check your insurance policy to be sure who you have named as beneficiary. Do not rely on the numerous statutory probate codes to determine who will get the insurance proceeds. If you want to change the beneificary of your life insurance policy and the divorce decree is final, complete a new beneficiary form, keep a copy and send it to the insurance company.
Do I have to pay tax on my exhusband's life insurance if I am also the benificary of the policy?
only if he never removed you as his benificary