Divorce – The Important Role of Life Insurance

A divorce is a difficult time for everyone involved. It is an especially important time to consider your life insurance needs during the divorce process. Watch this short 2-minute video for what you need to consider.

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Life insurance should be a key part of your divorce settlement process. There are two main reasons. The first reason is if you are receiving child support payments, you want to have a term policy in place on your ex to cover those payments until the child(ren) reach adulthood.

The second reason is if you have a long-term alimony payment in place that is to be paid over 10, 20, or 30 years, you want to make sure that if your ex dies prematurely you have a life insurance policy in place to receive a lump sum settlement to cover the future alimony payments you were expected to receive after the settlement.

A divorce is also a good time to review your beneficiary designations on any existing life insurance policies you may already have in place.

Put the right amount of affordable life insurance in place now to meet the needs after your divorce settlement and to start your new journey on the right foot. Use our life insurance calculator to find the right amount of insurance for you.

Book an appointment and we can help you put affordable life insurance in place to meet your needs:

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