It would be valid only after due intimation of divorce and remarriage details to the Insurance Company within the tenure of the policy bond by the policy holder.
No. If you had life insurance before you got divorce, you can cancel the policy.
Not if you neglected to remove her from the policy
No. Your insurance rates are determined by the driving record(s) of the driver(s) on the policy. If your husband isn't on your policy then you won't be affected. Look at your insurance declarations page to see what drivers are on your policy.
You can only collect on the life insurance if you were awarded this at time of divorce. I was awarded the ability to take out a life insurance policy on my ex. as I receive a military retirement which only exists if he is alive. After his death, it would stop, therefore I have the life insurance policy.
The Florida Probate Code In Florida, divorce does not remove the ex-spouse as beneficiary under a life insurance policy. Florida takes the position that the life insurance policy is a contract and should not be interfered with unless fraud is involved. Check your insurance policy to be sure who you have named as beneficiary. Do not rely on the numerous statutory probate codes to determine who will get the insurance proceeds. If you want to change the beneificary of your life insurance policy and the divorce decree is final, complete a new beneficiary form, keep a copy and send it to the insurance company.
The conditions in the policy will explain what should happen. Most insurance companies have been around long enough to have solutions for pretty much any contingency.
Laws vary from state to state and other countries. The divorce decree can specify that the spouse be named a beneficiary on a life insurance policy of a certain amount.
You cannot. In case of any claim after your divorce and the policy bond is in your possession, the claim will be summarily rejected by the insurance company. It's advisable to surrender the policy on your ex husband to the insurance company against official receipt.
They will if your policy was in force during your loss.
What are you asking about? Buying life insurance as part of a divorce agreement or do you maybe have a joint policy with your spouse that you need to split? If you are looking to buy, I can help. If you are looking to split, some policies will allow you to do that but depending on your health it may be more equitable to just buy a new policy. Let me help. 4LifeGuild
You must keep the life insurance policy that was discussed in the divorce until your ex remarries. But there is nothing to keep you from buying a new policy and making your new wife ITS beneficiary. That has nothing to do with the divorce decree.