Life insurance and divorce – what to do with a term policy?

life insurance

Many agreements require only one spouse keep up coverage. Divorce is can be a messy and complicated experience, particularly when it comes to division of assets and protecting the financial future of any children from the marriage, including the requirements for life insurance. The former spouse with primary support of the children is generally required to maintain coverage. Many divorce agreements will state that the parent who is paying alimony or child support will be required to take continue or to take out a term life insurance policy in order…

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