What about my life and health insurance?
What about my life and health insurance?
Generally, if you are carrying life insurance and you are required to pay child support or alimony in the divorce settlement, you will be required to keep that particular policy. The courts will look at this policy as insuring your responsibilities. The age of the children, term of alimony, age of the parties and amount of each responsibility will generally dictate the amount of insurance required. These factors will also control who must be named as the beneficiary of the policy.
If you are covered under your spouse’s health insurance policy, that coverage will terminate after the Judgment of Divorce. You can either obtain insurance through your own employer or inquire into COBRA benefits through your spouse’s employer. Children can be covered by you or your spouse. The best thing to do is to keep the children insured under the policy with the most comprehensive coverage.
Carton and Rudnick family law
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Carton and Rudnick family law
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