What happens to a joint life insurance policy after getting divorced?

My ex wife and I have a joint life insurance policy. Can we split it into two single policies so that the premiums we've already paid won't go to waste?

Asked by katie.jenkins

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Answered by Andrew Hudder
I am going through a divorce right now, and I've done some research on this issue. Assuming the policy is worth maintaining, either party can pay the premiums, but I don't believe you can split into two single policies.

The courts cannot force either party to pay the premiums, but, if both parties agree to the payments, they can have it recorded as part of the court order.

Also, does your joint life policy have an investment element? In our case, because we have a joint life policy with no investment element and we are young and healthy we will cancel our joint life. In our case, it is more efficient for us to take out single life policies after our divorce. | 11.24.10 @ 02:50
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$commenter.renderDisplayableName() — {comment} | 08.24.17 @ 01:19
Answered by Julie Bayley, IFA in Hastings, EAST_SUSSEX


You can assign a joint policy or place it into trust, however this has to be by agreement by both parties. In my case my ex won't play ball at all despite the court order & I can't be bothered to go back to court to enforce the assignment. Therefore I've just kept the premiums up as it was a good policy which increases cover periodically.
| 01.06.11 @ 23:37
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$commenter.renderDisplayableName() — {comment} | 08.24.17 @ 01:19
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Andrew Hudder

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