Life Insurance for New Spouse
My Judgment of Divorce orders me to maintain life insurance with my exwife as sole and exclusive beneficiary. I now intend to remarry and have a new family to support. Am I able to substitute my new wife as beneficiary of my life insurance policy?
The answer is no. Unless you obtain a new Court Order allowing you to do so, you will be required to obtain an additional life insurance policy with your new wife and family as beneficiaries.
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