Are life insurance premiums considered alimony?

Are life insurance premiums considered alimony?

“Generally, when the former spouse is required, under the divorce decree or agreement, to own and maintain a policy as security for post-death payments, installment premiums of the proceeds would be taxable as alimony to the recipient spouse,” says Nasser Zaer, national training and development director at Vantis Life …

Can you get Cobra if you are fired?

You and other covered members of your family are eligible for COBRA if your employment hours are reduced or you quit your job, are laid off or fired — except in cases of gross misconduct.

How does Cobra work if I quit my job?

Named for the Consolidated Omnibus Budget Reconciliation Act of 1985, COBRA allows you to continue receiving the exact same health coverage you’ve been getting from your employer after leaving the company, as long as you’re not covered by another plan elsewhere.

Does Cobra cover me if I quit?

However, there still only one way to keep your employer-sponsored coverage after losing your job — COBRA. You can elect COBRA for you and your family if you otherwise would lose coverage because: You quit your job. You were fired, unless it was for “gross misconduct.”