Forumsee logo
Forumsee » Finance and investment » Personal Finance » Read message
RSS: Subscribe to RSS

Spouse life insurance question

Bogleheads • View forum - Personal Finance (Not Investing) - www.bogleheads.org
Many years ago, I purchased a Universal Life Policy on myself. The policy also provided a rider which included my wife and children with myself as the beneficiary. As the years went by, we divorced and later I remarried. I changed the beneficiary to my children in the event of my passing but didn't give much thought about the spousal coverage until recently. The insurance application did have my wife and children's name along with their birth dates. The rider sates... "the insurance is on the life of the insured's spouse named in the application for this rider." On the policy itself, only my name is shown. The other references are to "wife" and "children".

I haven't spoken to the insurance company yet but by reading this, would the spousal insurance rider be void for both my former wife, as well as for my current wife?

Samtex
Date: Jun 20, 2017   


Last videos:

CBS News Alert: How to spot an ATM credit card skimmer.
CBS News Alert: How to spot an ATM credit card skimmer.
Dave Ramsey says don't use credit cards, even if you pay them off
Dave Ramsey says don't use credit cards, even if you pay them off
Best albums of 2017
Best albums of 2017
Best albums of 2017
Best albums of 2017
Anton Kreil
Anton Kreil
Asking for discounts
Asking for discounts
Financing the American Family
Financing the American Family
Being a Boglehead
Being a Boglehead

Cars ·
Travel ·
production-frontend