What Happens To Life Insurance When You Divorce? 
Divorce creates difficult life insurance situations , particularly when spousal or child support is involved . It is very important to insure the life of the person providing the support , however , it is best to own and pay for the insurance . Another area of great concern is employee benefits . The beneficiary designations are often overlooked and when the employee dies the current spouse is surprised to learn that all the payments go to the former spouse . 