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Only the owner of the policy may access the cash. Only the named beneficiaries may receive the death proceeds. This is not to say that a spouse would not go after a cash value in a divorce. I am not sure what the legal issues would be at that point...but a new spouse? How could she have any claim? Best solution...Form a trust, the trust becomes the owner...not an issue any more. Helps for those larger estates too.

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2015-07-15 21:12:55
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Q: Can the new spouse try to claim insurance money stating it was joint vested monies?
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