Whether you include life insurance in a
divorce settlement depends on a number of things. In some
cases, life insurance is irrelevant to the settlement. In
other cases, it’s very important. Or it could simply be up
to the both of you to decide if you want to include it or
not.
If you each hold individual life insurance policies, this
will not affect the settlement. You have solely been storing
the money away so you just need to change the beneficiary.