Life insurance coverage is an important topic that must be addressed in the majority of divorce cases in Fairfield County, Connecticut. Experienced divorce practitioners are aware that life insurance coverage can present issues during and after a divorce case and are vigilant about ensuring that their clients are protected with respect to these issues.
During the Divorce
Many divorce clients in Fairfield County, such as Greenwich or Darien, have life insurance policies, or their spouses do. At the inception of the divorce case, it is important for both sides to ensure that whatever life insurance policies exist at the time of the filing are maintained throughout the divorce case. Life insurance policies owned by a party should be disclosed on his or her Financial Affidavit, but it is common practice for divorce attorneys in Fairfield County, Connecticut to request copies of all life insurance policies as part of their discovery requests. By reviewing the policies, the client and the attorney can discover what the terms of the policies are and what the coverage is, which is important to know for settlement negotiations and trial preparation. For example, if a party owns a term policy, one needs to know when the policy ends and if the premiums increase after a certain date.