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You have to have an "insurable interest" to be eligible to take out life insurance on someone. If your ex's death will harm you money-wise (cause economic harm), you might be able to insure him/her: for example, if s/he is paying the mortgage.
What does your divorce decree say?
In any event, make sure you tell your broker if you decide to get it.
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∙ 14y ago
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Can ex husband change life insurance?
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
Can you keep life insurance on your ex husband?
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.
How would you put life insurance on your ex husband?
You would have to apply for it and he would have to sign the application. If you receive child support or alimony speak to a lawyer and that will help you get him to sign.
Meaning of life insurance?
the meaning of life insurance is giving a husband or wife a chance to murder the other for the money
Can the ex wife keep money from life ins if she is named beneficiary on exhusbands insurance?
If I m listed on my ex husbands employee life insurance after 10 years can i keep it. Check was issued to me
Can ex husband change life insurance?
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
How can you prevent ex husband from life insurance benefit?
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.
Can you collect on your ex-husband's life insurance?
only if he never removed you as his benificary
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 you purchase a life insurance policy on your ex-husband who is ill?
If your ex can pass the physical and will sign the application and you can pay the premium then, yes
Can you keep life insurance on your ex husband?
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.
Can a late husband's ex wife take money from the life insurance policy he left his current wife?
Unless the ex husband changed the beneficiary to someone else, then the insurance money goes to her. It is not really an issue of relationship, but rather the person named is the one who gets it.
Would an ex-wife named as the beneficiary on her ex-husband's life insurance have a problem with collecting if she has remarried?
An ex-wife remains as a "Named Beneficiary" until such time as her ex-husband authorizes the Insurance Company to remove her name as such. If the ex-husband re-marries, his new wife does not stand to benefit from insurance proceeds until he makes the change with the issuing company. A common mistake is for divorced couples to not change their beneficiaries and when a death occurs, the new spouse finds out that the ex gets all the insurance benefits leaving the new spouse with nothing.
Can your ex husband cash in on a life insurance policy on you after 35 years?
If he is showing as the beneficiary on your policy - yes. You can call the insurance company or your agent to change the beneficiary.
Can you take out a life insurance policy on your ex husband without his permission?
Do you have an "Insurable Interest?" Like Child Support or Alimony?
Can ex-wife discuss insurance policy of ex-husband with insurance agent?
No..... I have been in insurance for 20 yrs. Once you are divorced she has no rights to your information.
Does the 1st wife receive full benefits from a life insurance policy even if they are divorced?
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.
