Hi...wondering if anyone has advice on Life Insurance.
I broke up with the mother of my children in 2011. We got divorced and settled everything a long time ago.
She has now produced a joint life insurance document with AVIVA with both our names on.
She has asked me to transfer it to her - but my name will still appear on it.
I am uncomfortable with this. She has been making the payments on it since 2013 when we moved out of the marital home. But I am still not comfortable with the notion she has the benefit of receiving monies if I died but it would not work the other way, if she dies it goes to her estate.
Am I being unreasonable to refuse to sign?
If she did pass away I would need to know I could provide for both my children full time.
In a way, does it actually matter, it's not costing you anything and she's basically gambling (which is effectively what any insurance policy is). You could ask that if you sign it, then the money should go into trust for your children in the event of either death, but I'm not sure if she could change it later on. Alternatively, you refuse to sign and suggest that you both get separate policies on your own lives for the children.
She is saying she cant get a new policy due to her health complications (of which she has told me very little).
I agree with you - why does it matter? - in the end whoever dies first is responsible for the children's welfare and should be trusted accordingly to use life insurance monies to tat effect. if she cant get another policy that isnt my fault.
I would be happy to say in some kind of simple legal document that if she dies - the money should go into a trust for my two children and her third (which she had by new partner) 33% each, released to them on their 18th birthdays or staggered - 18 and 21 - in case they blow it all!
I think her main worry is her third daughter - which I understand.
My ex is using my refusal to sign as proof of me being difficult. She has told my two daughters (12 and 14) that I am refusing to sign causing her stress and anxiety before an operation (of which I also know very little). This is part of a wider pattern of Parental Alienation.
Thank you, I was interested in reading this. But I am very sorry to hear the sad story of your family. However, I also have a very difficult situation in my life. I think getting separate policies for life insurance is the best solution to solve your problem. Actually, I admit that I don't have much knowledge about insurance and I need some help to choose the best solution for my children. My husband and I have 2 small children and I don't work. He provides for us, but almost every day he threatens to leave us and not give us a penny. After a while, he apologizes and acts as a caring husband and father, and then the story repeats. Please advise me on how I can convince him to insure his life to ensure the future of our children. I have already found a good insurance company
and I really want him to take out this insurance. There is something else that he is abusing alcohol, and I am afraid that one day he will not come home.