A existence insurance policy taken out on my ex have be recommended?
by a few of the users on InsuranceQuotesFAQ.com based on a prior question I asked. They be concerned that social security benefits might not be enough to replace my child support. Anyone out near taken this step and mind sharing the details?
Answers:
Yes you can get a life insurance policy on your ex, BUT he HAS to know in the order of it and sign for it. Also, most of the time there are medical exams, blood draws and the release of medical records required for underwrite.
I have one on my son's father and he has one on me. Source(s): Life Insurance Professional
you can only collect on a duration insurance policy if your ex dies & you are the beneficiary on it. Source(s): experience
I haven't, but I have done this for my clients.
As the custodial parent of his child, you have an insurable interest within your ex's life, so you can own a policy on his life. As the policy owner, you will enjoy full authority to designate the beneficiary. Source(s): Financial planner, life insurance agent
All the above answers are upright. Just make sure you don't get caught when you snuff him:)
Related Questions:
Answers:
Yes you can get a life insurance policy on your ex, BUT he HAS to know in the order of it and sign for it. Also, most of the time there are medical exams, blood draws and the release of medical records required for underwrite.
I have one on my son's father and he has one on me. Source(s): Life Insurance Professional
you can only collect on a duration insurance policy if your ex dies & you are the beneficiary on it. Source(s): experience
I haven't, but I have done this for my clients.
As the custodial parent of his child, you have an insurable interest within your ex's life, so you can own a policy on his life. As the policy owner, you will enjoy full authority to designate the beneficiary. Source(s): Financial planner, life insurance agent
All the above answers are upright. Just make sure you don't get caught when you snuff him:)
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