Can I ensure my life insurance and remove my name from car loans after divorce?

Full question:

My husband and I have live insurance together. He recently asked for a divorce and the company will not give me information on the policy if he says not to. Can I have him submit a letter to them authorizing them to keep me informed about my policy and that he can't make changes unless notifying me. The other part of my question: I co-signed for my husband's two cars. The first car was totaled and the insurance company paid it off; so, now they are calling for more payments. The second was repossessed. I do not drive and I recently cleaned up my credit. Can my name be taken off the cars? I found out recently that my husband doesn't care. He says he will go away on Monday to file for divorce. I just want my name off the cars and to make sure my life insurance is not in danger. What can I do? We both want to move on and I want to buy a house.

  • Category: Debts and Credit
  • Subcategory: Cosigning
  • Date:
  • State: Pennsylvania

Answer:

Your husband can submit a letter to the insurance company authorizing them to keep you informed about the policy and stating that he cannot make changes without notifying you. Regarding the cars, you may be able to have your name removed from the loans if the car dealer allows your husband to assume the loans. If your name is not on the life insurance policy, you would need to request information through discovery.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

During a divorce, one spouse may be able to continue health insurance coverage through the other spouse's employer plan under COBRA. This allows for temporary continuation of coverage, but it can be costly. It's important to review the specific terms of the health insurance policy and discuss options with your attorney to ensure you maintain necessary coverage during the divorce process.