User CP
New posts
Advertising
|
||||||
| Common Law Issues The law regarding common law relationships is different than in cases of divorce. Discuss the issues that affect unmarried couples here. |
 |
|
|
LinkBack | Thread Tools |
06-27-2010, 06:23 PM
|
|||
|
|||
at what age can a child become the beneficiary?
|
|
06-27-2010, 06:30 PM
|
|||
|
|||
|
Quote:
|
|
06-27-2010, 06:39 PM
|
|||
|
|||
|
ok that is what i thought. Thank you!
|
|
06-27-2010, 06:59 PM
|
||||
|
||||
|
The children can be beneficiaries at any age however it is in their best interest to name a trustee for the money until they are of age otherwise one will be appointed for them if you die, which may not necessarily be the person you would choose.
|
|
06-29-2010, 07:06 PM
|
|||
|
|||
|
I had to take insurance and have my ex as the recipient. which I did not fight against as as soon the court order will pass I will cancelled them. As the clause state to cover the support payment only if I did not have insurance. Strange isn't it
|
|
06-29-2010, 07:16 PM
|
||||
|
||||
|
Most seperation agreement that deal with insurance policies state that one must maintain an insurance policy which means you can't go out and get it just for a hort period of time to cover your court date to prove you have it...and then cancel it. Pretty sure she could take you back to court over that one.
I believe it's set out that way on purpose to avoid just such nonsense. Quote:
|
|
06-29-2010, 09:21 PM
|
|||
|
|||
|
well it depend how it is worded and mine is worded as it has to cover the support payments till it end. You can take insurance on anyone you want actually.
|
|
06-30-2010, 12:42 PM
|
|||
|
|||
|
To take life insurance out on an ex or spouse, are they not suspose to have a signature from that person??
I know when i took out life insurance on my spouse, even tho i was owner of that policy, still required his signature!!
|
|
06-30-2010, 12:48 PM
|
||||
|
||||
|
Nope. If you really think about it - why would you require their signature? If you're paying for it out of your pocket and not asking anything of them then there is no reason to even bring it up with them - it doesn't affect them at all.
ETA: Here's a good link that explains about taking life insurance on someone else, what qualifies and what doesn't and why: Insurable Interest | LifeCover.ca Last edited by blinkandimgone; 06-30-2010 at 12:57 PM. Reason: the voices told me to....
|
|
«
Previous Thread
|
Next Thread
»
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Company Life Insurance and Ex-Spouse | poordad | General Chat | 3 | 01-04-2011 09:31 PM |
| life insurance, private medical coverage | tugofwar | Divorce & Family Law | 7 | 09-08-2010 11:34 PM |
| Life insurance | oldernwiser | Financial Issues | 8 | 05-31-2009 12:33 PM |
| Is government entitled to your life insurance payout?? | Jason from Ottawa | Financial Issues | 3 | 03-17-2009 09:38 AM |
| life insurance | ont2005 | Financial Issues | 6 | 04-10-2006 02:23 PM |
All times are GMT -4. The time now is 12:46 PM.
