Court Ordered Life Insurance: How To Get Quick Life Insurance For Your Divorce

Last updated April 29, 2019

court-ordered life insuranceWhen you get married, you’re not expecting that one day you will be in court talking about a divorce settlement, but nearly half of all marriages end in divorce. In some cases, the court orders that the supporting spouse carry a life insurance policy to provide for the children or guarantee alimony. Here’s what to do if you have been ordered to purchase a life insurance policy.

Marriage and Divorce

Marriage and divorce are both common experiences. In Western cultures, roughly 90 percent of people get married before they turn 50 years old. According to the American Psychological Association, healthy marriages are good for physical and mental well being. They are also good for children. Growing up in a happy home protects children from a variety of developmental problems. However, about 40 to 50 percent of married couples in the United States get a divorce and the divorce rate for second or third marriages is even higher.