During a divorce life insurance may be court-ordered as a condition of the divorce. This ruling is made to provide alimony or child support and ensure that there will be sufficient funds to support the children should the providing parent die while the children are minors. Review your divorce settlement carefully because the premium you pay on your life insurance policy may be considered alimony.
This section has covered various concerns and prepared you for a healthy discussion on the sensitive but important topic of how to handle life insurance during and after a divorce.
If you are concerned about what will happen to your life insurance policy when you go through a divorce, please consult your attorney or financial representative. Once you have received the legal advice, contact our licensed life insurance agents if you need a new policy or additional coverage. Click start a chat to connect with one of our knowledgeable representatives immediately. You can also send us an email or call us at 1-800-521-7873.