Life Insurance and Distribution in Divorce
When all or part of the life insurance policy is marital property, the owning spouse is generally awarded the life insurance policy, and the non-owning spouse is generally awarded cash or other property equal to his or her equitable share of the policy.
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GOLDEN YEARS -- Practically everyone who lives long enough needs in-home care, assisted living support, and/or skilled nursing care. Very few people have sufficient assets to cover the cost of extended skilled nursing. Long-term care insurance, purchased when the beneficiary is young, meets the need, offering the coverage at lower premiums.
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Life Insurance and Divorce
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