Do I Have To Buy A Life Insurance Policy As Part Of My Child Support Order In Rochester, New York?

It’s very common for the court to order a parent to purchase a life insurance policy designating the child, children, or ex-spouse as the beneficiary in the event of the parent’s death.

For the vast majority of policyholders, it never comes into play during the child support obligation, but acts as a backstop to protect your child’s future in the event of your death.

Obviously, there are scenarios when the life insurance policy becomes relevant, such as if you have been diagnosed with a terminal illness or work in a field with elevated risk.

In cases like that, you may want to review your options and make plans for your policy that ensure the maximum amount of money flows to your heirs rather than the IRS.

The attorneys at Friedman & Ranzenhofer can help you with every piece of a child support order in Rochester.

Call us today at 585-484-7432 for a legal consultation.

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