Question
What is the name of your state?What is the name of your state?DE
I've searched...
As an alimony recepient I know I have an insurable interest in my ex husband's life. How do I go about buying a term life insurance policy for my ex? He had a whole life policy at the time of our divorce which cost over $500/month and I could not afford it (because it would factor into our property settllement) so he dropped it. His attorney said I could buy a life insurance policy on him but I have no idea how to go about it. I'm thinking about a $100K policy not megabucks.
This was not court ordered by the way - this is something I could not afford three years ago and now I think I can.
Answer
In most cases you will need your ex's willingness to go along. Buying the policy is no big deal. Why do you think it is?
Answer
Thanks for the response.