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Individuals Facing Divorce or Possible Upcoming Divorce

The statistics indicate that almost half of all marriages end up in divorce. This has major impact on a household form many different aspects including emotional and financial. Insurance arrangements have to be carefully reviewed to take in to account each partners needs.

Special attention needs to be given to several areas:  

  1. Health Insurance – will there be adequate and useful health insurance for both partners after the divorce? Will the network of the health insurer still provide for both partners if one of the partners moves to another state? How will the health insurance of dependent children be impacted by the divorce?
  2. Life Insurance – have beneficiary designations on life insurance be updated to reflect divorce? Will both parents be protected in terms of child support if one partner dies? What special legal devices might you consider with your attorney?
  3. Disabilty – What financial hardships are created when a divorcee becomes disabled and can no longer handle their financial obligations?
  4. Retirement – what special challenges will occur in terms of retirement if a couple divorces?  

      We can help with these valuable planning needs.

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NY Life and Health.com (A Subsidiary of the Norton and Siegel Insurance Agency)
2 East Main Street (Mailing Address: PO Box 220) Babylon, NY 11702
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