In the equalization payment calculation, why is my life insurance considered my asset? I won't be alive when the money is available. my stbx is the beneficiary, shouldn't it be my stbx' s asset then?
Also I read somewhere that if I cancel it, my stbx can take over and pay the premium, so that he will still benefit from my death. I have no problem with this, after all if I die I don't need the money.
Any thoughts? experience with this?
Also I read somewhere that if I cancel it, my stbx can take over and pay the premium, so that he will still benefit from my death. I have no problem with this, after all if I die I don't need the money.
Any thoughts? experience with this?
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