Continuing Life Insurance Upon Divorce

We are often asked about Life Insurance after Divorce. That is an issue that is raised in cases where there is going to be a stream of payments for equitable distribution, spousal maintenance, and child support. It is quite common for the court to order the provision of Life Insurance, if those payments are going to be made. Likewise, it is also quite common for us to negotiate that issue, if we are negotiating an agreement. In short, we are looking to achieve the security for the stream of payments. We will attempt to match a Life Insurance Policy to the stream of payments. Also, we will often negotiate that the Life Insurance Policy can reduce over time because the stream of payments would reduce over time.

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This informational blog post was provided by Jean Mahserjian, an experienced New York Spousal Support Attorney.