What happens to spouse life insurance after divorce?
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What happens to spouse life insurance after divorce?
If your ex-spouse took out a life insurance policy that insures you and pays out a death benefit to them in the event of your death, they can keep that policy even after your divorce. This is because only the policyholder can cancel or change a life insurance policy.
Can I take life insurance out on my husband?
Yes, you can take out a policy on him because you have an “insurable interest” in his life. You would start by getting life insurance quotes for a policy on him. You’ll need to know his current health history and his family’s health history (e.g. diseases in his family), among other basic questions about him.
Can you drop a spouse during open enrollment?
If an employee voluntarily drops coverage at open enrollment, is it considered to be a COBRA triggering event? In most cases, the answer is no. Dropping spousal coverage at open enrollment may also look like a COBRA qualifying event, but it is not. …
Can my husband add me to his health insurance?
When it comes to health insurance, marriage is a qualifying life event. This means you don’t have to wait until open enrollment to add your new spouse to your plan—you can do it within 30 days of your marriage. If your company uses Zenefits’ HRIS, adding your spouse to coverage is easy.
