by phola » Tue Dec 29, 2009 07:05 pm
My divorce decree calls for the ex-husband to keep his current life insurance policy to insure the value of child support payments. I understand that even if I was named irrevocable beneficiary of the policy, the policy could lapse or be rescinded without notification to me so that's not much of a safety measure. So my question is what is the easiest way to enforce this provision: should I just ask to have the ownership on the policy changed to me so I have control of the policy? But how could that be done in a way that keeps him with the obligation to pay the premiums? In other words, if I'm the owner, does it mean I am responsible to pay for it?
Posted: Fri Jun 04, 2010 06:16 pm Post Subject: insurance
(Hi everyone..been gone a while. Personal and Military stuff I had to do.)I think I understand a bit more...very clear explaination..thank you!! I guess it's difficult to see situations when you've never 'walked in their shoes' sort-to-speak. I guess you would be hindering him instead of helping him.
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