Alabama Life Insurance Quote » Decatur http://www.noexamlifeinsurancealabama.com Articles about Alabama Life Insurance. Learn and save today! Thu, 09 Jun 2011 22:35:25 +0000 en hourly 1 http://wordpress.org/?v=3.1.3 Decatur Alabama Can You Continue A Life Inurance Policy On Your Ex? http://www.noexamlifeinsurancealabama.com/decatur/decatur-alabama-can-you-continue-a-life-inurance-policy-on-your-ex.html http://www.noexamlifeinsurancealabama.com/decatur/decatur-alabama-can-you-continue-a-life-inurance-policy-on-your-ex.html#comments Fri, 25 Jan 2008 13:41:43 +0000 admin http://www.noexamlifeinsurancealabama.com/decatur/decatur-alabama-can-you-continue-a-life-inurance-policy-on-your-ex.html Robert wanted to know “Can I continue a life insurance policy on his ex-wife if the policy was started early in the marriage and I am the owner who pays the premiums”?

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Yes, you can continue a life insurance policy on your ex-wife. But if you purchase a new policy after your are divorced you 32012297 Decatur Alabama Can You Continue A Life Inurance Policy On Your Ex?only need to show “Insurable Interest” when the policy is taken out.

In relation to insurance, the law prevents people taking out an insurance contract on someone else’s life (or someone else’s property) unless they have a legal or financial insurable interest in that life.

Valid forms of insurable interest include being a spouse, being financially dependent on the person, or situations where there is joint ownership of real property or a business.

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