feel a great sense of insecurity. Under Section 20-108.1 (D), a parent who has a child support
obligation can be required to carry life insurance as long as there is a child support obligation. Section 20-107.3(G)(2) provides that “the court may order a party to designate a spouse or former spouse as irrevocable beneficiary during the lifetime of the beneficiary of all or a portion of any survivor benefit or annuity plan of whatsoever nature, but not to include a life insurance policy.”
obligation to make payments as part of equitable distribution, the payor may be required to
maintain sufficient coverage.
term coverage may expire at a certain date, beneficiary designations must be kept current and
settlement proposal is that whole life insurance policies have cash value which can be considered
a marital asset. You will want to factor this in to the entire picture when dividing the marital