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Archive of entries posted on 6th March 2010

Who gets the money if a man names his ex-wife as beneficiary in a life insurance policy?

A husband and wife of 25 years filed for divorce. The husband agreed to pay alimony until 2001. He also agreed that he would obtain an insurance policy and name his ex-wife as beneficiary “to a portion of the proceeds on such policy in a face amount sufficient to pay the then remaining alimony payments…”  [...]