can my ex husband cash in an endowment without my permission.Prudential think we are still together
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frenchy4
1 year ago
Expert Financial Adviser Answer
James Brooke
answered 1 year ago
The ownership of the policy is determined by who the policy holder is or who the policy holders are. It does not matter who the lives assured are. So, if your ex husband is the only policy holder and it is not a policy in joint names, as opposed to joint lives assured, then he can cash it in as it is deemed to be his policy.
However, depending on what any separation or divorce settlement says, the value of the policy could be taken into account in determining financial settlements between you.
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However, depending on what any separation or divorce settlement says, the value of the policy could be taken into account in determining financial settlements between you.