Is a life insurance policy considered community property in my divorce?
Free Insurance Quote Comparison
Secured with SHA-256 Encryption
|
Written by
Jeffrey Johnson
|
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
If you live in a community property state and your permanent life insurance policy was purchased during your marriage then it could be considered community property and you may need to surrender some of the value of the policy as part of the divorce decree. Even if you remove your spouse as beneficiary before you divorce, if you live in a community property state and do not get permission from your spouse to remove them, then some or all of your death benefit may revert to them.