Post Divorce Insurance By Rosemary Frank, MBA, CDFA, ADFA, CFE, MAFF Updated: October 31, 2016 Categories: Financial Issues Thinking ahead about several types of insurance that may be required to protect the terms of your settlement will enable you to include discussion of them during negotiations. You don’t not want any surprises at the end, whether you are the prospective insured or the beneficiary. Such a surprise could derail the terms you and your spouse have thus far agreed upon. The most commonly understood need for life insurance involves having a policy on the life of the payer of any stream of post-divorce payments, with the payee as the beneficiary. Consider this: if you, as the payee, have agreed upon a Marital Dissolution Agreement (MDA) which includes child support, alimony, and/or property settlement note payments, which your ex-spouse will make to you for some number of years, you will be depending upon those funds in order to meet your own needs...