Showing posts with label life insurance and ex husband. Show all posts
Showing posts with label life insurance and ex husband. Show all posts

Sunday, February 28, 2010

Life Insurance on Ex-Husband?

I am Divorced for 10 years and just got married again 2 years ago.

My Ex husband had not seen my son in 5 years (although he pays child support) and is now showing up to see him.

I had canceled a life insurance policy on my ex-husband awhile back, will it look okay if I try to insure him again?

Sure, but he'd need to submit to the medical exam, and sign off permission for you to insure his life.

When buying a life insurance policy on another person there must exist an "Insurable Interest" between the insured person and the owner of the policy.

Since you and your ex-husband have a son together, and your son relies on his father for child support, you can purchase a life insurance policy on him.

Usually, the insured person (your ex-husband) would be required to sign the life insurance application and he may be required to answer health questions, as well as, possibly taking a physical exam.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.


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