This depends on the policy. The best thing to do is to call the life insurance agent to ask about the specific policy in question.
If you received money that you were not entitled to and you deposited the insurance check into your bank account and the money was a payout from an insurance claim, the insurance company can swipe the money out of your account without your prior knowledge for up to 3 years. If you received money as a result of a criminal act, the statute of limitations for that crime would guide the insurance company's timeline.
An ex husband can change his life insurance beneficiary IF there is no court order for him to maintain it as it was during the marriage..from a life agent of 24 years
In general, you add up all of your debts + what you would pay for your kids' college + living expenses for your spouse and family for however many years you want to provide for them after you are gone. 10 years is a good rule of thumb depending on the age of your children. Go to lifehappens.org. They have a great calculator.
Life insurance is where you pay premiums periodically for a set number of years and then when you pass away the value of your life insurance policy is awarded to the beneficiary you choose (usually a spouse or your children) to pay for your outstanding debts, funeral, tuition, retirement, etc. so they don't have to pay for those expenses out-of-pocket.
Fidelity Insurance is a very reliable company. They have been doing business since 1895, giving them 116 years of great quality service. They have been protecting their clients from loss of money and securities for years.
That is dependent of the work history of the wife.
not legally
You must have been married 10 years.
Yes
Not likely. * Wisconsin is a community property state. Therefore a spouse is entitled to an equal share of property, income and assets regardless if said spouse was employed during the marriage or how long the marriage lasted.
Benefits for a divorced spouseYour divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried.The amount of benefits he or she gets has no effect on the amount of benefits you or your current spouse can get.Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.Benefits for a divorced spouseYour divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried.The amount of benefits he or she gets has no effect on the amount of benefits you or your current spouse can get.Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.Benefits for a divorced spouseYour divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried.The amount of benefits he or she gets has no effect on the amount of benefits you or your current spouse can get.Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.Benefits for a divorced spouseYour divorced spouse can get benefits on your Social Security record if the marriage lasted at least 10 years. Your divorced spouse must be 62 or older and unmarried.The amount of benefits he or she gets has no effect on the amount of benefits you or your current spouse can get.Also, if you and your ex-spouse have been divorced for at least two years and you and your ex-spouse are at least 62, he or she can get benefits even if you are not retired.
No.
the couple was married 30 years. Retiree served 20 years and separated from spouse after 30 years of marriage. Retiree informed spouse she was lucky to get $300.00 a month from him and in 5 years of separation that is all she has gotten. No cost of living increase or anything.
If she is still being carried on his insurance as his spouse then she has insurance.
sometimes
The chances that someone will be awarded alimony after a 2-year marriage are slim.
Is it really important what Ms. Manners has to say about it? I think it is up to the people whose names are on the marriage contract to decide. Discuss it with your spouse.