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Originally Posted by Chopper
I have a question.
In terms of the ex husband requiring to obtain and maintain life insurance and naming the ex wife as beneficiary in the event that the something were to happen.
Is the ex wife required to obtain and maintain life insurance naming the ex husband the beneficiary as well?
In the event that something unfortunate were to happen this should be reciprocated......shouldn't it?
This too would be in the best interest of the children.....yes/no?
Thanks
Chopper
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If the life insurance is to secure the future support of the children, it's common that both parents are required to obtain life insurance. This will depend on each parent's financial circumstances, children's age and how expensive the life insurance is (e.g. if you're on welfare, have diabetes and your child is 17, you probably won't be required to get life insurance).