I read this interesting MarketWatch article by Quentin Cottrell and thought I’d share it.
The gist: A spouse has an existing life insurance policy, gets a divorce, but during the divorce settlement it was written, agreed upon, and signed by both parties that the life insurance policy be retained and paid for by the spouse during the spouse’s entire lifetime with the same beneficiaries specified in the policy at the time of divorce.
The article has some other examples with some different scenarios and what happened with each scenario as well.
For the answers, click below to read the entire article:
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