I used to be an agent.
When I was an agent I purchased life insurance on myself and my wife. Most of the policies I was the owner on initially. While we were still married I became the owner of ALL the polices.
We just got legally divorced and as part of the marital settlement agreement I retained ownership of ALLthe policies. I know the prudent thing to do is to file new beneficiary forms for all the insurance policies on my ex wife.
My only question is on the new beneficiary form should I put in “RELATIONSHIP TO INSURED”
Ex-wife ?
Or
Ex-spouse ?
I’m thinking Ex-wife, but I just wanted to double check.
Thanks !
When I was an agent I purchased life insurance on myself and my wife. Most of the policies I was the owner on initially. While we were still married I became the owner of ALL the polices.
We just got legally divorced and as part of the marital settlement agreement I retained ownership of ALLthe policies. I know the prudent thing to do is to file new beneficiary forms for all the insurance policies on my ex wife.
My only question is on the new beneficiary form should I put in “RELATIONSHIP TO INSURED”
Ex-wife ?
Or
Ex-spouse ?
I’m thinking Ex-wife, but I just wanted to double check.
Thanks !