Alimony is an Insurable Interest

Any type of alimony ceases upon death of the payor; therefore, it is a good idea to include life and/or disability insurance policies in an amount sufficient to replace the alimony. The recipient has what is called “an insurable interest” in the person being insured, he or she may be able to buy the policy yourself in the event that life and disability insurance are not part of divorce agreement.

Every state has its own criteria for determining the need and extent of alimony.

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