When life insurance is part of a divorce as protection for child support payments?
MD asked:
When life insurance is part of a divorce as protection for child support payments, what is the best type of life insurance and how do you determine the amount of life insurance needed. I was thinking term life for 15 years since both children would be 19 by that time. But I do not know anything about life insurance so I need some advice.
I forgot to say there are two children if that makes a difference in the amount.
Jovanni
When life insurance is part of a divorce as protection for child support payments, what is the best type of life insurance and how do you determine the amount of life insurance needed. I was thinking term life for 15 years since both children would be 19 by that time. But I do not know anything about life insurance so I need some advice.
I forgot to say there are two children if that makes a difference in the amount.
Jovanni
