FGLI and Civil Service

by Guest » Wed May 20, 2015 10:00 pm
Guest

All; Pease let me lay out an example of my situation for clarification and comment.
1. I am the beneficiary of a FGLI policy that I have on my wife.
2. I pay the premiums out of my pay every 2 weeks
3. My wife does not know I have this policy
4. If I divorce my wife but keep making the premium payments on the policy as the beneficiary. Would the divorce prevent me from collecting on the policy as the beneficiary in the event of her death, accidental, or from illness?

Total Comments: 1

Posted: Thu May 28, 2015 05:17 am Post Subject:

3. My wife does not know I have this policy

How was this possible? Legally, in almost all states your wife must consent to be insured.

4. If I divorce my wife but keep making the premium payments on the policy as the beneficiary. Would the divorce prevent me from collecting on the policy as the beneficiary in the event of her death, accidental, or from illness?

You aren't making premium payments as the beneficiary, you may be making payments as the policyowner. But the answer to the question is: it depends on what state the policy was issued in. If the policy was issued to you in a Community Property state, such as California, your wife has a 50% interest in the policy proceeds as a matter of law. It would have to be disclosed in the divorce proceedings.

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