BUYING LIFE INSURANCE TO COVER ELDERLY PARENTS
Can you buy a life insurance policy of any kind on your ex husband ...
Many times during a divorce, you can get the court to require that the ex-spouse obtain life insurance....important to note is that if this is the case with you, insist .
http://wiki.answers.com/Q/Can_you_buy_a_life_insurance_policy_of_any_kind_on_your_ex_husband_with_yourself_as_the_beneficiary
How to Get Life Insurance on an Ex Spouse | eHow.com
Getting divorced changes the financial circumstances of each party involved, especially if there are children of the marriage. If your ex-spouse will be required to .
http://www.ehow.com/how_5748119_life-insurance-ex-spouse.html
Don Cornelius' Ex-Wife Viktoria Chapman Cornelius Scores Huge ...
Feb 1, 2012 . Don Cornelius died with 2 life insurance policies worth hundreds of thousands of dollars, and the ex-wife he hated will get all the money .
http://www.tmz.com/2012/02/01/don-cornelius-ex-wife-life-insurance-policy/
Legal question concerning ex-wife and life insurance policy
Jan 31, 2011 . INSURANCE: Husband and Wife each have insurance policies through MetLife. Husband agrees to maintain his life insurance policy with Wife .
http://www.freerepublic.com/focus/f-chat/2666415/posts
divorce360.com | After Divorce, Life Insurance Matters
For example, added Hyldahl, if a former spouse is listed as the beneficiary on the ex-husband's life insurance policy, even though the new wife is listed as the .
http://www.divorce360.com/articles/808/after-divorce-life-insurance-matters.aspx
Term Life Insurance (for healthy seniors)
Key features:
- Medical examination required, to prove that the insured is in good health
Life Insurance and Divorce
For example, if the insured ex-spouse has a new spouse he or she wants to benefit for life, then "permanent" insurance coverage (see discussion below) owned .
http://www.americanbar.org/newsletter/publications/law_trends_news_practice_area_e_newsletter_home/lifeinsurancedivorce.html- Insured covered up to the age of 90 or 95 (depends on insurance company guidelines)
- Premiums increase towards the end of the Term
- Many seniors outlive the fixed term so look for a policy that can be converted to whole life insurance
- Consider purchasing Burial Insurance also, should the senior outlive the Term
Burial Insurance (for healthy seniors)
Key features:
- No medical examination required
- Insured person is covered for life
- Premiums are locked-in and do not change
- Moreover, cash value increases over time
- If the insured is healthy, then you receive full benefit the day after you pay your first premium
- Coverage cannot be canceled as long as you pay your premiums on time
- Proceeds can be used for burial costs and other end-of-life expenses
Graded Benefits Burial Insurance (for seniors with health problems)
Key features:
- No medical examination required
- Insured person is covered for life
- Premiums are locked-in and do not change
- Policy increases in cash value over time
- You typically only get partial coverage for the first two years, and the full insured amount only in the third year of the policy
- Insurance company cannot cancel coverage as long as you pay premiums on time
- Proceeds can be used for burial costs and other end-of-life expenses
Talking to Your Ex-spouse About Insurance for Your Children ...
Talking to your ex-spouse about insurance for your children is an important thing to do. Always make sure to have adequate life insurance in place for your loved .
http://www.termlifeinsurance.com/ex-spouses-and-childrens-insurance.html