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Life Insurance and Distribution in Divorce
 Information Provided by: Divorce Source, 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 non-owning spouse is generally awarded cash or other property equal to his or her equitable share of the policy.
Information Provided by: Divorce Source, Inc.
Resources & Tools
COBRA -- COBRA, which is the Consolidated Omnibus Budget Reconciliation Act, guarantees that all individuals who are covered by medical insurance have the right to continue coverage for a monthly fee if employment or marital status changes. A nonemployee spouse in a terminated marriage is entitled to COBRA coverage at his or her own cost for up to thirty-six months.
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