Decatur Alabama Can You Continue A Life Inurance Policy On Your Ex?
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“?
Did you know that the city of Decatur rarely experiences tornadoes druing the spring an fall. Significant severe weather does occur from time to time in the active season. Winteres usually do not produce much snow.
Yes, you can continue a life insurance policy on your ex-wife. But if you purchase a new policy after your are divorced you 
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.
Category: Decatur
