cancel life insurance policy with ex wife

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PostPosted: Tue Mar 24, 2009 7:41 pm   Post subject: cancel life insurance policy with ex wife  

We have been divorced for almost a year. How do I cancel current policy with ex wife?She is the policy holder.Insurance co. said I can't change it .What can I do to get this cancelled?

sweetmissyj
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PostPosted: Wed Mar 25, 2009 11:16 am   Post subject:   

If your wife is the insured life in the policy, then the insurance company is right about what they have told you regarding making changes in the it. The policy holder is the only authorized person to make changes in the policy. Now, if you want your name removed from it, contact your wife and tell her to do that. Frankly, I see no issues even if she continues with your name as the beneficiary on her life insurance.



~Jeremy

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PostPosted: Wed Mar 25, 2009 8:02 pm   Post subject:   

I think you are more worried about those money already invested on policy. You must not be interested in cancelling or continuing with the policy. Yes, but unfortunately, you should have clarified this issue in front of attorney. Today, the best way is to ask for compensation for those previously paid premiums with your wife and I feel it's upto you, how you handle that!

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PostPosted: Wed Mar 25, 2009 11:28 pm   Post subject: insurance  

SWEETMISSY.........can you start a policy in YOUR name, only? The only thing I can suggest to do is make it clear you no longer want your name on the policy. (Thinking outloud here..) I woudn't think it would REALLY matter whether your name is on it or not....are you a Beneficiary on the policy?..or, are you just ON (lack of a better word) the policy?

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PostPosted: Wed Mar 25, 2009 11:43 pm   Post subject: cancel life insurance policy with ex wife  

She took the policy out on me for 400,000 after divorce she put her sister on as my beneficiary

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PostPosted: Wed Mar 25, 2009 11:48 pm   Post subject: insurance  

OK....I'm a bit confused. If you are NOT the Insurance policy holder, then how can your wife put a Beneficiary on YOU? Do you mean HER Beneficiary is her sister and you are on the policy? See.........she can't get a policy for you (at least I don't think she can) without your permission.

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PostPosted: Wed Mar 25, 2009 11:51 pm   Post subject: cancel life insurance policy with ex wife  

the policy was taken out about 5 yrs ago. I just want to cancel it . I gotta say I fear for my life and told insurance co. that .the divorce was extremely bitter and awful .She has done everything in her power to make my life hell

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PostPosted: Thu Mar 26, 2009 12:01 am   Post subject: insurance  

Ok.......but, you STILL din't answer my question ( I don't mean to be harsh, I'm sorry if I seem that way). Rolling Eyes SHE took out an Insurance policy on YOU? If you BOTH took out the policy, then why is HER the only name as the policy holder? I'm just 'not getting it'...I'm sorry. How do you fear for your life?!

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PostPosted: Thu Mar 26, 2009 12:09 am   Post subject: cancel life insurance policy with ex wife  

I am only listed as the primary insured. She is listed as the owner

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PostPosted: Thu Mar 26, 2009 12:12 am   Post subject: cancel life insurance policy with ex wife  

She is extremely unstable and will do anyhting for a buck (400,000) is a lot.I just want to drop it completely.She is not cooperating. She refuses to drop me.Can I just represent myself in court and have a judge make her cange it?

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PostPosted: Thu Mar 26, 2009 12:21 am   Post subject: insurance  

If SHE is the policy holder and YOU are the "Primary Insured", that means if something happens to her, YOU will get her Insurance policy..NOT the other way around. ForExample: If I had a Life Insurance policy and I had a "Primary" name on the policy, that means if something happened to me, the "Primary" person would get the money.

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PostPosted: Thu Mar 26, 2009 12:26 am   Post subject: cancel life insurance policy with ex wife  

Ok . Guess I was the one confused.So what about the 400,000 that I was insured for?Is it void now that we are divorced?

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PostPosted: Thu Mar 26, 2009 12:34 am   Post subject: cancel life insurance policy with ex wife  

Sorry I am still new at this divorce thing and find it impossible to get any info on anything that she did while we were married

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PostPosted: Thu Mar 26, 2009 12:34 am   Post subject: insurance  

THAT'S what I'm 'not getting'. I don't know how SHE can insure YOU. From what I understand, the Policy Holder ( your ex) is the ONLY one 'insured'...however...she has YOU as her "Primary" and her sister as Beneficiary. Do you understand know? Again with the eample I gave you ( above).........I'm not 'covering/insuring' my 'Primary' who is on my Insurance policy. My 'Primary' is INCLUDED on my policy. Is that alittle more clear?

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PostPosted: Thu Mar 26, 2009 6:05 am   Post subject:   

I’m still at loss….. Sad lets go over the whole thing once more…..



Who is the name insured in the policy, you or your wife?



Who is the named beneficiary?



Please specify.

JeremyHolter
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