Life insurance decree terminable upon ex’s remarriage
May 21, 2014 by Steven A. Meyerowit
An appellate court in Georgia, reversing a trial court’s decision, has ruled that an ex-husband’s obligation pursuant to a divorce decree to maintain life insurance on his life for a dozen years for the benefit of his ex-wife was terminable upon his ex-wife’s remarriage because it was “periodic alimony” and not a division of property.
George White and Vanessa Howard were divorced after 35 years of marriage. Among other things, the final divorce decree required that Mr. White obtain a term life insurance policy in the amount of $100,000 that named Ms. Howard as the beneficiary, and required that he keep the policy in effect for 12 years.