I'm negotiating a separation agreement with my STBX. She has no income and I will likely end up paying close to the maximum based on DivorceMate (rule of 65).
We've talked about having a life insurance plan on me since if I die young, she will be in trouble financially. However given my age this is not cheap.
I don't mind being insured with her benefiting but I don't think I should pay the premiums since it would mean over 50% of my salary would be going to my STBX and I receive no benefit.
Any thoughts? Who usually pays for this type of insurance?
Thanks!
We've talked about having a life insurance plan on me since if I die young, she will be in trouble financially. However given my age this is not cheap.
I don't mind being insured with her benefiting but I don't think I should pay the premiums since it would mean over 50% of my salary would be going to my STBX and I receive no benefit.
Any thoughts? Who usually pays for this type of insurance?
Thanks!
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