Law Office of Ronald L. Hendrix, P.C.

Call Now 630-416-7004
  • Home
  • Law Firm
    • Ronald Hendrix
  • Practice Areas
    • Types of Divorce
      • Grounds For Divorce In Illinois
      • Complex Divorce
      • High-Asset Divorce
      • Legal Separation
      • Collaborative Law Divorce
    • Types of Litigation
    • Child Issues In Divorce
      • Child Custody And Visitation
      • Child Support Attorney
      • Divorce Parenting Agreement
      • Child Relocation
      • Parenting Plan
    • Property Issues In Divorce
      • Property Division
      • Marital Assets And Retirement Accounts Division
      • Division Of Marital Debts
      • Maintenance And Spousal Support
    • Divorce Resolution Options
      • Contested Divorce
      • Uncontested Divorce
      • Which Divorce Options Is Right for You?
      • Alternative Dispute Resolution
    • Divorce Mediation
    • Divorce Modifications
  • Articles
  • Blog
  • Contact

Addressing insurance coverage issues after divorce

October 27, 2014 By Ronald L. Hendrix

[ultimate 2 /]

Addressing insurance coverage issues after divorce

In the immediate aftermath of a divorce, most people will need to spend some time focusing on getting their affairs back in order. A big part of this is adjusting to the financial realities of life in a one-income household. As such, most recent divorcees will need to reevaluate their insurance coverage in light of the fact that they are no longer married.

There are a number of changes most newly divorced people will have to make to their insurance portfolios. Some of the most common issues are discussed below.

Medical insurance

Individuals who were covered under their ex-spouse’s employer-sponsored health insurance will need to find new coverage once the divorce is finalized. Ex-spouses are allowed to continue COBRA coverage for up to 36 months after the divorce, but this coverage can be quite expensive. For new divorcees who do not have access to their own employer-sponsored coverage, it may make more sense to shop for health insurance on the private market.

Children, on the other hand, will likely be able to continue coverage under a parent’s employer-sponsored health insurance policy, even if that parent does not have primary custody. A duty to provide insurance coverage for children should be established as part of the divorce settlement.

Life insurance

Most married people who have life insurance list their spouse as the beneficiary. After a divorce, the beneficiaries should be changed.

In addition, divorcees who are receiving alimony or child support payments might want to consider taking out a new life insurance policy that will replace these payments in the event their ex-spouse passes away.

Auto and home insurance

It is important to update home and auto insurance policies as soon as possible after a divorce. Being uninsured can have devastating consequences in the event of an accident or break-in. In addition, securing an individual policy can provide protection from rate increases that could occur if an ex-spouse gets a ticket or causes a car accident.

Disability insurance

Disability insurance will provide much needed wage replacement benefits in the event that policyholders experience an illness or injury that prevents them from working. Most new divorcees can benefit significantly from purchasing disability insurance, since they will not have a spouse’s income to rely on.

Working with a divorce attorney

It is important to discuss these and other insurance issues with an attorney before the divorce is finalized. In some instances, the circumstances of the case may warrant including insurance issues in the divorce agreement.

CATEGORIES: General

Family Law Practice Areas

  • Types of Divorce
  • Child Issues In Divorce
  • Property Issues In Divorce
  • Divorce Resolution Options
  • Divorce Mediation Lawyer
  • Divorce Modifications

Family Law Articles

  • Increase in boomer divorces and the issues faced by older couples
  • Questions you should ask your prospective divorce attorney
  • Trend toward “gender reversal” in marriage affects divorce
  • Working with your spouse to divide the debts of your marriage

CONTACT US TODAY

Contact Preferences EmailPhone

I have read the disclaimer.

Disclaimer

The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as a Retainer Agreement has been signed and an attorney-client relationship has been established.

Close Link

CONTACT US TODAY!

630-416-7004

Law Office of Ronald L. Hendrix, P.C.

650 E. Diehl Road, Suite 117
Naperville, Illinois 60563
Phone: 630-416-7004
Email: contact@hendrixfamilylaw.com

Image of Law Office of Ronald L. Hendrix, P.C.


Naperville Law Office Directions
Home | About Us | Blog | Contact


The Law Office of Ronald L. Hendrix, P.C. provides legal advice and representation to clients in Naperville, Illinois, and communities throughout DuPage County, Will County, Kendall County and Kane County, including the cities of Wheaton, Woodridge, Downers Grove, Darien, Willowbrook, Westmont, Lisle, Oak Brook, Warrenville, Glen Ellyn, Aurora, North Aurora, Batavia, Geneva, St. Charles, Joliet, Bolingbrook, Plainfield, Crest Hill, Yorkville, Oswego and Montgomery.

Copyright © 2019 Law Office of Ronald L. Hendrix, P.C. | All Rights Reserved

Disclaimer | Privacy Policy