Insurance & Investments
A wide assortment of insurance investment are available online. See
also: exchange policy or
admin@divorce-lawyer-child-support.com.
- Insurance & Investments - refresh.
Following a divorce, all insurance policies should be changed to properly reflect the named insured party and
beneficiary. Also consider shopping rates. Frequently, lower rates are available and purchasing new policies at
lower rates is no more time consuming or difficult than amending existing polices. Many state family codes
include divorce laws which specifically amend wills and insurance policies after divorce, as a matter of law,
without the necessity of actual amendments. At best, these statutes provide poor protection for policy holders.
Insurance companies usually assume the most conservative evaluation of potential losses and may deny payment
unless a written waiver of rights is obtained from an ex-spouse. This problem is easily avoided by changing
policy terms immediately after receiving a divorce decree. All insurance companies provide free quotes without
obligation. When comparing the cost of premiums, be sure to also compare the coverage provided. Few policies are
drafted with exact terms. Coverage is different. Exceptions to coverage are different. Take time to read
policies and verify the coverage offered. Once you have compared policies, contact your divorce lawyer for
assistance if you have questions about coverage.
continued ...
|
