What insurance issues should I be aware of?

The primary insurance issues in divorce are regarding your insurance policy and who is the named beneficiary, since that person was probably your spouse during your marriage.

By Rock A. Tate
July 09, 2012
FL FAQs/Insurance

One of the most important issues is the designation of a beneficiary on your insurance policy. If your former spouse is your life insurance beneficiary, it may make sense to change that-perhaps to your children, parents or siblings. Keep in mind, too, that if your former spouse is going to pay child support and/or alimony, he or she will usually maintain life insurance naming you or your children as beneficiaries to provide support in the event of his or her death. You may also face new life, disability and long-term care insurance needs after your divorce-costs you may have to bear yourself.

Rock A. Tate is a Financial Advisor, CERTIFIED FINANCIAL PLANNERâ„¢ at The Tate Group at Morgan Stanley Smith Barney, He can be reached at 1-800-327-6322 to help you with all you financial divorce needs and is licensed in the following state(s): AL, CA, CT, DC, FL, GA, MA, MD, ME, MI, MN, NC, NH, NJ, NY, OH, PA, SC, TX, VA

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July 09, 2012
Categories:  FAQs

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