A very good idea! I can help you! 4LifeGuild
Not necessarily. Some companies have an option where you can actually split up the life insurance policy if you were to get divorced. Sometimes it isn't the case though, so I would be sure to check with your current insurance company.
and sometimes after that.
You can only collect on the life insurance if you were awarded this at time of divorce. I was awarded the ability to take out a life insurance policy on my ex. as I receive a military retirement which only exists if he is alive. After his death, it would stop, therefore I have the life insurance policy.
yes. until you change the beneficiary they will stay on there
If she's still the beneficiary, yes. The life insurance policy is completely separate from the will.
You can contact your old agent, your agents office or the customer service department of your life insurance company and they will send you the appropriate benficiary change paperwork as long as you are the owner.
I think the wife's insurance is primary.
Yes, but not without your signature. If you had life insurance in force on you prior to your divorce and he was the owner and he wishes to continue paying and remain the benficiary then there is nothing you can do. If you have kids together then you both should have life insurance and name each other as beneficiaries for the benefit and welfare of the children until they are no longer minors. 4lfieguild
Being divorced will have no affect on your ability to obtain an automobile insurance policy. Perhaps I don't really understand your question but marital status will have nothing to do with getting auto insurance.
Not sure what the 'rights to the house' would have to do with this? Are you saying because you were divorced and you got the house does that also entitle you to his life insurance? I would think no unless you were the beneficiary.
No, only the policy owner (usually the insured) can decide who the beneficiary is on a life insurance policy. Life insurance has nothing to do with a will or estate distribution after someone's death. That's why it is imperative to keep the beneficiary section updated constantly based on the life changes; too many people who get divorced forget to update their life insurance beneficiary on the policy and benefit may go to the ex-spouse. Life insurance companies are bound by the contract that is the life insurance policy to only pay the beneficiary specified on the policy. If all beneficiaries specified on the policy are deceased, then the benefit will be paid to insured's estate.
Often, yes.