(PRWEB) April 17, 2014
Seniors who are going through a divorce proceeding should pay attention the fate of their life insurance policy. There is no need to cancel the plan, even if the ex-spouse is named as beneficiary. The client can simply modify the terms and in some cases, life insurance proceedings can be used as a divorce settlement, but this is a rare occurrence.
The owner of a life insurance policy is the one who is paying the premiums. Unlike a home, it cannot be divided and the policyholder can do whatever he/she want with the policy. It is not recommended to cancel a life insurance plan after a divorce. The insurance proceedings can still help other family members.
Seniors can compare life insurance quotes online and find out more about life insurance by visiting an insurance brokerage website. These websites provide fast and reliable quote comparison services.
Elderlylifeinsuranceplan.com is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
Elderlylifeinsuranceplan.com is owned by Internet Marketing Company.
For more information, please visit http://elderlylifeinsuranceplan.com.