Modified Whole Life Insurance
Can a divorce decree be modified to include Life Insurance?
My ex husband and I were divorced in 2001 and I gave up any rights to his pension or Alimony because I was being harassed by his girlfriend and just didn’t want anything to do with that whole mess anymore. The problem that I have is that my ex-husband did not mention his life insurance as an asset nor did he mention his military benefits (BAH, BAS, COLA, Special Pay, etc) as part of his income. Courts don’t really know about these benefits so they over look them. I knew nothing about military pay, so I was ignorant to those benefits as well. I didn’t care for his money but he did promise me that he would keep our kids as beneficiaries of his life insurance in the event of his death, though it was only a verbal agreement. Well, my ex husband passed away last month & I just found out that he removed our kids from his Life Insurance Policy. Do I have a right to dispute who his life insurance is paid to? Can the divorce decree be modified to include the life insurance? Thanks in advance!
Sure it can, if you can get a judge to agree to it. But now that he’s passed, it’s too darned late. You can’t change these things after one person is already dead.
You’re not going to win this dispute. The life insurance is a contract, and without any fraud (ie, someone forging his name), the beneficiary clause isn’t going to be changed, especially if his current wife is now the beneficiary.
Sorry.
Your attorney should have advised you, that the PROPER way to do this, is to have hubby transfer ownership of the policy to you, or to the kids, so you can control the beneficiary clause (and pay the premiums).
What is Whole Life Insurance, and Am I Eligible for It?