Divorce is a difficult time for all parties involved, and as you gather together and divvy up what’s left in the wake of your separation, life insurance is something that will become an inevitable issue. Before proceeding with divorce papers, it is important to reassess life insurance coverage levels, whether it can help to protect income received from child support payments or save money by changing the term of coverage.

One way to save money on life insurance is to purchase term life insurance instead of a whole life policy because of its impermanence. Term life policies allow for flexibility once the dust clears and enables both parties involved to move on with their lives.

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