Legal Question in Family Law in Maryland
life insurance policy
Getting a divorce. How and what can I do to cancel my name off a life insurance policy.
2 Answers from Attorneys
Re: life insurance policy
If you own the policy, contact the insurance company and tell them you want to cancel it. If the beneficiary owns it and you are just the person who is insured, it's not your call.
Re: life insurance policy
Whether you can cancel a policy may not be your question. Whether it is beneficial for you to cancel it may be your inquiry. Contact an attorney to discuss this and other matters concerning your divorce.
If you pay for the policy then you can change the beneficiary. If you are a listed beneficiary then you may be able to change the designation through process. Again, contact an attorney as there are many matters that you may or may not be aware of.