Insurance
Life Insurance
Massachusetts

Why must a man put his ex-wife on his life insurance policy in Massachusetts?

282930

Top Answer
User Avatar
Wiki User
2006-05-21 18:35:59
2006-05-21 18:35:59

Courts often times require that divorcing couples buy life insurance especially if child support is involved. If the man was the primary wage earner and is ordered to pay child support, he needs to guarantee that the payments will be made whether he lives or dies.

1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

It is not important to have a life insurance policy.

User Avatar

The Policy Holder of a life insurance policy is the executor of the said policy.

User Avatar

Ineed some forms such as change of ownership and change of beneficary.

User Avatar

Geico insurance offers a good car insurance in Massachusetts with the option to combine with home or life insurance for a discount. Liberty Mutual also offers a good car insurance policy for drivers in Massachusetts.

User Avatar

No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.No. For that kind of benefit you need mortgage insurance or a life insurance policy.

User Avatar

form_title=Life Insurance Policy form_header=Protect your loved ones with a lifetime of financial security. Find a life insurance policy customized to fit your needs. What type of life insurance policy do you want to buy?= () Term Life Insurance () Permanent Life Insurance () Both () Not Sure How large of a life insurance policy do you want to buy?=_ Who will it cover?=_ Who would you list as beneficiary?=_

User Avatar

You can call a whole life insurance policy as a "Non-Endowment Life Insurance Policy".

User Avatar

A life insurance policy is "portable" when upon leaving the group policy, you transfer your life coverage to an individual life policy with the same insurance carrier with no changes to the policy or increase in premium.

User Avatar

There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.

User Avatar

Massachusetts Mutual Life Insurance Company was created in 1851.

User Avatar

Technically, there is no insurance policy called as permanent life insurance. However, you can treat whole life insurance policy as permanent since the policy covered the whole life span of the policy holder and benefit is payable to nominee in the event of any eventuality of the policy holder.

User Avatar

You can name you testimentary trust in most cases, but that means you have to have a new will. And the court can still require you to have you ex-wife listed on your life insurance.

User Avatar

how do you lacate a life insurance policy that was with southern life and health insurance company 30 years ago

User Avatar

Actually, whole life insurance policy other than endowment,single premia or ulip policy can be called ordinary life insurance policy.

User Avatar

You call the life insurance company and get the present cash value out of the policy. The policy will then be divested.

User Avatar

NO.. unless the policy does not have nomination. Only nominee will get the proceeds of life insurance policy.

User Avatar

The motto of Massachusetts Mutual Life Insurance Company is 'We'll help you get there.'.

User Avatar

The life insurance policy has a maturing date that determines the time it takes for a policy to accumulate the amount of money essential for the policy. An unmatured life insurance policy is one that hasn't yet reached the end of its policy.

User Avatar

Um... if he was definatley then only one paying premiums after the divorce, then you should be ritefully incharge of the insurance. Because A she and him were divorced, and B she didn't pay the policy fees. Ur welcome

User Avatar

A paid up insurance policy is a life insurance policy under which all life insurance premiums have already been paid, with no further premium payments due on the policy.

User Avatar

A drug overdose does not break a life insurance policy.

User Avatar

murder and forge signature life insurance policy

User Avatar

Yes, you can. Call the life insurance company and cancel the policy.

User Avatar

No. You have to have an insurable interest in the person's life in order to take out an insurance policy on their life.


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.