Legal Question in Family Law in New Jersey
Life Insurance and Social Security Benefits
I am the father (age 67) of 3 dependent children currently receiving social security benefits. Since these benefits will be paid to my dependents whether I live or die til age 18 or 19, do I still have to maintain life insurance policies on them. I am not with their mother and we were never married.
Asked on 1/13/09, 1:24 pm
1 Answer from Attorneys
Richard Vallario
Richard W. Vallario Law Office
Re: Life Insurance and Social Security Benefits
Is there a provision in your Divorce Judgment or Settlement Agreement or any Court Order that requires you to carry life insurance? If not, you can terminate the insurance. Otherwise you have to file a Motion with the Court to terminate this obligation.
Answered on 1/14/09, 11:22 am