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Can an ex-husband be insured to protect a 14 year alimony payment in case of his death before the 14 years are up?


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Wiki User
2015-07-15 18:46:58
2015-07-15 18:46:58

Yes.

If he agrees to it and someone pays the premium. It's an excellent procedure (opinion).

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Unless you are his guarantor for his medical bils, you do not need to do anything about his using your insurance cards. When the doctor's office submits the bill, the insurer will notify them that he does not have insurance. The doctor's office will then go to him for payment. You are not at risk for his medical bills.

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Insurance companies have re-insurers to protect their assets.

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No bankruptcy will not protect you from wage garnishments for certain types of debt. For example, court ordered child support/past due child support, court ordered alimony/past due alimony,student loans, federal taxes,state taxes and county taxes are not covered under the protections of bankruptcy. Bankruptcy will also not protect you from wage garnisments for court ordered fines,restitution.

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Being self insured does not protect one from law suits. Anybody with a reasonable claim can sue someone else. It is a hazard of a litigeous society.


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