Life Insurance & Divorce: Distribution of Life Insurance:
© National Legal Research Group, Inc.
When all or part of the life insurance policy is marital property, the owning spouse is generally awarded the life insurance policy, and the nonowning spouse is generally awarded cash or other property equal to his or her equitable share of the policy. In re Ryman, 172 Ill. App. 3d 599, 527 N.E.2d 18 (1988); Leveck v. Leveck, 614 S.W.2d 710 (Ky. Ct. App. 1981); Grost v. Grost, 561 S.W.2d 223 (Tex. Civ. App. 1977).
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