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I’m a little confused . My friend had a $2 mil 30 yr level term policy . For reasons his wife was owner and beneficiary. When they divorced he tried to cancel policy but company refused as she was the owner . No court can stop her from receiving the proceeds or cancel the policy unless it’s in the divorce decree .I’m many divorces the courts can force someone to keep the policy with the ex as beneficiary correct ?
Depends on state. But Maybe your friends divorce decree allowed for her to continue to own that policy. Good divorce lawyers have that worked out like any other assets. But many people going through divorce are broke & take the default divorce decree language