Is a life insurance policy considered community property in my divorce?
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UPDATED: Jul 16, 2021
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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.