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How Life Insurance Works During A Divorce.

Nebojsa Vujinovic



Divorce could be devastating. Even an amicable divorce can cause financial hardship if you think about the expense of establishing and maintaining two individual households. While there are many moving parts during and after a divorce, life insurance tends to be an afterthought.

Life insurance might help protect the assets you’ve worked to build if you’re going through a divorce. While every divorce can have an alternative pair of financial challenges, life insurance could be a crucial part of a divorce settlement.

How exactly to Handle Existing Life Insurance in a Divorce

Married couples often purchase life insurance to cover existing or anticipated debts and other financial responsibilities. These obligations may remain even when a couple decides to go their separate ways. This is exactly why existing life insurance considerations are an important part of a divorce.

To ensure all life insurance has been accounted for, you must offer documentation of most of your present assets, liabilities, and insurance policies, pending a divorce complaint. For example, New Jersey requires each spouse to offer an Affidavit of Insurance Coverage at the beginning of a contested divorce case. This document outlines policies you and your partner had in place during the time you filed for divorce, in addition to policies canceled within yesteryear 90 days.

Taking an inventory of most current insurance policies can help divorce proceedings.

How you handle life insurance requirements will undoubtedly be determined by your present, and future life insurance needs, in addition to the affordability of keeping the policies. For example, let’s say you and your partner each have a term life insurance policy and decide to keep the policies. You could decide to be both the master and beneficiary for one other person’s policy.

When you have a cash-value life insurance policy, you and your partner may decide to terminate the policy and divide the money value equally.

Other considerations may include surrender charges that will reduce the surrender value of a policy.

Questions to Ask Your Attorney About Handling Life Insurance

When consulting along with your attorney, keep in mind the fundamentals of why you bought life insurance in the initial place. Your attorney should then help you determine the near future intent behind your existing and new policies in the context of the divorce. Some questions you might want to ask your attorney include:

  • What should eventually be my life insurance policies after my divorce?
  • What insurance obligations will I have after my divorce?
  • How can I verify my ex-spouse is insured?
  • How can we calculate the correct level of life insurance?
  • How can we all know if we are insurable?

Since life insurance is usually part of a broader financial or estate plan, it’s wise to consult with a financial planner who will guide you and help you assess life insurance’s affordability and the total coverage you need.

Chris Chen, CFP of Insight Financial Strategists in Massachusetts, says, “Divorce gives individuals the opportunity to ascertain how they want to live separately and how they want to give the children they have together. For example, the supporting spouse may decide they will pay for their child’s college expenses. Therefore, they would want to ascertain if they need additional insurance coverage to account for this potential cost in case they pass away prematurely.”

What Divorce Settlements Often Say About Life Insurance

While marital assets in many cases are split equally among the two parties, a court might determine this one spouse must make monthly alimony or child support payments to the other. These payments will ensure that the children are given to, and the dependent spouse appropriately compensates after the divorce.

Generally, if you have young child support or alimony obligation, the court will demand the spouse pay the support to possess life insurance. If the spouse is making payments that already include a policy like a group life insurance policy, the opposing attorney may require them to keep it.

If they don’t have a policy, they might have to purchase life insurance to ensure there’s still financial support when they pass away.

Both ex-spouses should use their respective attorneys to decide the total amount of the policy, who owns the policy, who pays the premiums, who the beneficiaries are, and how much of the policy goes to each beneficiary.

Rajeh A. Saadeh, a practicing divorce attorney in New Jersey, says, “In a few instances, a payor may not qualify or can’t afford a life insurance policy. In this instance, an alternative solution is always to use a constructive trust, which sets aside a part of the payor’s assets to secure future support if the payor passes away.”

Potential Life Insurance Problems

Here are some very common life insurance issues that arise during and after a divorce.

The change was created to a life insurance policy.

Sometimes the policy owner can make changes to the policy without alerting the beneficiary. For example, if an ex-spouse offers support and owns a life insurance policy, they can change the beneficiary and never notify another ex-spouse.

Or even a policyholder might stop paying the premiums or allow the policy to lapse. This can terminate the policy, leaving one other ex-spouse with no financial safety net in place.

But you can find ways to prevent these problems. One option is for the spouse to receive support to own the life insurance policy. This provides you full control over the payments and the naming of beneficiaries.

Another choice is to possess third-party authorizations on the account to obtain information if changes are manufactured or an alert if the policy is about to lapse.

Insurance firm’s third-party authorizations, the ex-spouse, can learn of changes to the life insurance, such as, for instance, beneficiary changes, directly from the insurance company. In this manner, the ex-spouse receiving alimony or child support can ensure the policy is active and is safeguarding the support payments.

Reallocation of support

Financial circumstances can transform for both parties after a divorce. You will need a reallocation of support if the payor loses his job or the recipient of alimony begins to make far more compared to the payor.

“When there is a recalculation of support, life insurance obligations must be reallocated. Since circumstances often change after a divorce, the family can return to court to reallocate the support and life insurance obligations. However, if possible, handling these matters outside court is more cost-effective and recommended,” says Saadeh.

Insurance obligations

Life insurance needs can also change over time. For example, if your payor is in charge of paying $100,000 in alimony over ten years, the payor may only need a 10-year $100,000 life insurance policy. If the payor has recently paid $50,000 in the initial several years of support, they no longer need a $100,000 life insurance policy to safeguard the compensation. A divorce agreement may permit the payor to step down insurance over time as support is paid.

  • The payor could reduce coverage or add a fresh beneficiary for 50% of the life insurance death benefit.
  • It’s important to see that the insurance company won’t automatically try this; it’s as much as the policyholder to make these changes.

The Right Forms of Life Insurance After having a Divorce

“The proper type of insurance is determined by everything you already have,” says Chen. “Generally, since cash is short throughout, term life insurance is a good solution for many different financial situations.”

Divorces are financially and emotionally complex. Your life insurance needs are determined by your financial situation and everything you and your ex can reasonably afford. Finding the time to assess your options—and your longer-term financial plans—can help you determine the easiest way to safeguard assets after going your separate ways.

Hi, my name is Nebojša, and I've been involved in digital marketing for over 15 years. I've written for various websites, covering a wide range of topics. I'm particularly interested in subjects like technology, gaming, app development, and I also have a passion for automobiles. Additionally, I work on SEO optimization. In my free time, I enjoy reading, walking, traveling and spending time with my wife and daughter.


Best Insurance in Thailand.

Nebojsa Vujinovic



Since its inception, COVID-19 has created many global problems for travellers. The situation has worsened, and countries like Thailand have taken swift and effective measures to stop COVID-19 from spreading to their borders and protecting their citizens.

Every country has tried its best to defeat COVID-19. All over the globe, countries have established new borders and implemented new rules and standards to prevent their country from becoming infected again.

Although it has been a difficult year for everyone, you all still want to live your best life.

Travelling these days is easier than ever, particularly in Thailand, because of the ease of travel restrictions.

Thailand welcomes all international travellers, regardless of their vaccination status.

Thai authorities offer an easier and faster way to enter Thailand.

Thailand passes COVID insurance.

To apply for a Thailand Pass and be granted entry into Thailand, you must purchase COVID-19 insurance. You can choose to purchase COVID-19 insurance for medical, travel, or health insurance.

Travellers need to have COVID-19 insurance to ensure they are covered in the event of an infected condition during their trip to Thailand. It covers medical expenses and any other expenses that are related to COVID-19.

Important to remember that COVID-19 insurance can help you budget for your trip to Thailand. The insurance will provide emergency coverage, so travellers don’tdon’t have to worry about it.

Thailand’s COVID insurance coverage is required.

To be valid and accepted by Thai authorities, the COVID coverage that travellers need to purchase must conform to the standards of the COVID insurance coverage.

If you are purchasing COVID insurance, please ensure that the following coverage is included:

Minimum coverage for COVID insurance must not exceed 10,000 USD

COVID insurance coverage must cover medical expenses incurred as a result of medical treatment, hospital stays, and other related costs. COVID-19 related incidents.

Passport to the Best Insurance in Thailand

It is easy to apply for a Thailand Pass. It can be difficult to apply for a Thailand Pass if you upload files or documents with problems.

The 7th step, or the part that covers medical insurance, is the most problematic for travellers applying for a Thailand Pass.

These are some of the problems encountered:

  • The coverage provided by Thai authorities for COVID insurance purchased by travellers is not followed.
  • Their insurance company provided multiple pages in their insurance certificate. Thailand Pass only requires one file (jpg. jpeg. png) to upload.
  • Avoid common problems when applying for a Thailand Pass. It is better to purchase from AXA Thailand Sawasdee Thailand, one of the trusted and recommended travel insurance companies in Thailand.

AXA Thailand: AXA Sawasdee Thailand

AXA Sawasdee Thailand addresses the most common problem when applying for a Thailand Pass. These are the reasons.

Thai Government approves COVID coverage.

AXA Sawasdee Thailand provides comprehensive COVID coverage that meets the standards set by Thai authorities.

It will be clear that the insurance is valid as AXA Sawasdee Thailand ensures that their COVID coverage will be accepted.

1-Page Certificate of insurance

AXA Sawasdee Thailand offers a 1-page certificate of insurance. This policy contains all details about the insurance coverage that will be required for Thai authorities to verify and declare it valid. This will make it easy to apply for a Thailand Pass.

AXA Sawasdee Thailand is another reason to choose AXA Sawasdee Thailand as your insurance company of choice. It offers several benefits for its insured travellers:

Offers insurance alternatives

AXA Insurance Package 1 and Package 2 will allow travellers to choose packages that provide coverage for their Thailand travels.

Be aware that each package is different in terms of its coverage, but they all follow the same standard of COVID coverage as Thai authorities.

Optional COVID Insurance

Travellers have the option to choose their coverage duration. It can be 7, 15, 30, 60, or 180 days. AXA Sawasdee Thailand will cover you no matter how long, or short-term your stay is.

No Waiting Period

The coverage will take effect immediately, regardless of how long it takes. AXA Sawasdee Thailand does not have a waiting period. Travellers can have a great time in Thailand even on their first day.

Includes coverage for asymptomatic cases

AXA Sawasdee Thailand provides coverage for medical expenses, regardless of whether you have an asymptomatic or symptomatic condition.

Other insurance companies do not cover asymptomatic cases.

Includes Coverage during Quarantine Period

AXA Sawasdee Thailand will still cover your needs, even if you are required to remain in quarantine if you test positive.

24/7 Hotline

AXA Sawasdee Thailand-insured travelers will have 24/7 access to the hotline at AXA Sawasdee Thailand. AXA Sawasdee Thailand can help you with any questions or assistance you may need.


If the Thai authorities refuse to accept AXA Sawasdee Thailand, the insured can receive a full refund of premiums. A proof that AXA Sawasdee Thailand is unacceptable must be provided by the insured to AXA. A webpage listing the requirements and a leaflet with the header/logo of the Thai Authorities.

How to buy the best COVID insurance from AXA Sawasdee Thailand

  • Online transactions make it easy to purchase COVID insurance.
  • To ensure your success in Thailand with your COVID insurance, AXA Sawasdee Thailand is your travel companion.
  • Select a package: AXA Insurance Package 1. vs Package 2.
  • Buy at AXA Sawasdee Thailand
  • You must pay for the package you choose.
  • You will receive your policy and insurance certificate via email.
  • Apply for Thailand Pass

Thailand Pass Requirements & How to Apply

To enter Thailand, travellers only need their passport and a Thai visa. The QR code will be given only after the traveller has applied for a Thailand Pass.

All travellers must apply for a Thailand Pass to qualify for a QR Code. Follow these steps to apply for a Thailand Pass.

Select a route to Thailand. There are three ways to enter Thailand.

No Quarantine Program – For fully vaccinated travellers

Quarantine Program – for travellers who are not vaccinated

  1. Complete the “Purpose for Arrival” section with all the necessary information.
  2. Complete the “Personal Information” section with the required information.
  3. Upload one file (jpg, JPEG, or PNG) from the ” information page” in your passport.
  4. Upload one file (jpg.jpeg. or png) of your “vaccination Certificate” or RTPCR test results if you are travelling through the No Quarantine program
  5. Upload one file (jpg or jpeg) from your confirmed SHA+/ASQ/AQ Hotel Booking for the Quarantine Program.
  6. Upload one file (jpg, JPEG, or PNG) of your COVID insurance certificate.
  7. Submit, wait to be confirmed, and you will receive the QR code.

Note: Only travellers who are not found to comply with Thai laws regarding files uploaded will receive their QR codes.

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Ideas and Strategies to Increase Your Insurance Sales.

Nebojsa Vujinovic



Your top priority as an agent is to learn how to increase your insurance sales. There is greater pressure than ever to do this now. McKinsey & Co. has a disturbing statistic that shows one in four agents will be fired by the end of this year.

This stat can be alarming, but it can also motivate you to look for simple and effective strategies to increase your insurance sales. These are some ways to close more deals, no matter your stage in life.

1. Keep emails brief and to the point

Many data points to the fact that 50 and 125 words are the ideal lengths for a sales email. Your prospect and you will both be annoyed by long-winded messages. Keep your sales messages short and sweet unless you provide high-value resources, answers to specific questions, or both.

2. Know when to cut losses

Nothing is more frustrating than spending a lot of time on a prospect that ends up choosing another option. Consider whether persistence can pay off long-term to increase your insurance sales.

This is a lot that comes from experience. However, as a rule, keep your sales contacts to only four key touches (in any combination of email or phone calls).

These messages should provide additional value for every message. Send the fourth message if you don’t receive a reply. This is your final message. Remind them that this offer is only for a limited time, and thank you for taking the time to thank them.

3. Get Referral Rewards

It’s time to get one if you don’t have one. Agents looking to increase their insurance sales should consider referral rewards programs.

Here are seven steps you should follow when starting one:

  • Make a list of your goals.
  • Choose from a variety of customer referral sources.
  • Make an action plan to reach prospects.
  • Refer friends.
  • Offer valuable resources to clients for them to share with potential referrers.
  • Tracking is a way to track where leads are coming in and who’s sending them.
  • Remind people to say thank you for referring you to new business.

4. Get proactive with client outreach

You can and should link your insurance activities with social media. Regular updates via email and frequent posts on social media are great for many reasons.

Your brand will be immediately recognizable by your audience as they see your name and logo daily in their feed. It also serves to build trust between customers, old and new.

It is possible to increase your insurance sales by being an expert and staying at the forefront of thought.

5. Polish your website

Your marketing materials (such as flyers, business cards, etc.) should be viewed with a fresh eye. As if you were a new viewer, look at your marketing materials (flyers, business cards, etc.) and your website. As you look at the marketing materials your customers and current contacts will see, ask yourself some questions.

Do you have any colors that will help reinforce your brand? These colors should be included on your website.

Are you making your copy informative and interesting? Your audience won’t pay attention if you only talk about your services and sell 100% of the time.

Are your photos professional looking and appropriate for your industry? For example, if you are a real estate agent, images can often decide if someone asks about your listing.

The most important question is, “Does your website make it easy to find your contact information and get in touch with you?” This is a big problem that can lead to lost leads.

6. Transform Your Energy to Sales

Knowing how to increase your insurance sales is more about having positive interactions with customers than pitching your product. While some marketing tasks must be completed, they can take up valuable time that you could use for client-focused work that requires your expertise.

One simple way to solve this problem is outsourcing or automating your marketing. It is a good place to start: delegating tasks such as email blasts and Facebook posts to a professional team.

Are you interested in learning more ways to increase your insurance sales? We would love to help you make more time for your business marketing, including email newsletters and social media. OutboundEngine is a great tool to help you grow your insurance company.

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Can You Cancel Health Insurance Anytime?

Nebojsa Vujinovic



The decision of whether or not to cancel your subscription is simple. Yes, you can. But is it possible to purchase another plan? The answer largely depends on whether you’ve got health or private insurance provided by an employer. Although you can change your health insurance plan anytime, you will not be able to pick the new one during your open enrollment window unless there are specific requirements. Similar is the case with the open enrollment period of a company that isn’t necessarily identical to the state’s open enrollment time. If you’re purchasing insurance privately, you can only buy it during the open enrollment period, which is usually from November 1 through December 15. However, deadlines may differ. The open enrollment period for a particular company could be at any point in the year.

In addition to open enrollment, the only ways changes can be made to an employee health plan are when workers are employed, employees leave the company, and if qualifies as qualifying in the course of their life. If you have any qualifying changes during the year, you’ll have a period of 30 days to make adjustments to your plan. If you do not make changes within this 30-day timeframe, you’ll be required to wait until the company’s open enrollment time ends.

Events that qualify as qualifying include marriage and deaths of spouses, legal separation, annulment or divorce. The change of dependents is also a qualifying change, meaning when you or your spouse gives birth or adopts children, you’ll be able to modify your health insurance plan during open enrollment. If your spouse’s status changes due to their employment status, like going part-time, leaving a job or losing their job, you can modify your health plan during the open enrollment period.

If you move residences and change health plans since your previous health plan doesn’t work in the new location, it is possible to switch health plans during opening enrollment. Certain modifications can’t be made outside of open enrollment. For instance, your child going off to an outside-state college isn’t an excuse to alter your health insurance plan during open enrollment. The change in your health plan is also not allowed beyond the enrollment period when you purchase health insurance on the employer’s insurance plan.

How do I Cancel Obamacare

Let’s suppose you land an offer at work that includes health insurance. You don’t have to purchase coverage through Obamacare’s Health Insurance Marketplace, known as Obamacare or Obamacare, at any time. You are free to end your Obamacare health insurance plan at any time. It is also possible when you’re enrolled in Medicare and want to quit Obamacare. You can cancel your health insurance coverage by visiting Healthcare. It would help if you waited to remove your Marketplace policy until you knew when the new insurance would begin. You could even arrange to end your Marketplace plan precisely on the date the new coverage of your employer begins. You can also terminate your Marketplace plan on the same day you submit your cancellation request.

Do I know how to Cancel Private Health Plans?

Contact your insurance provider and inform them that you are changing your health insurance plan. Are you unsure of the number? Look at the reverse on your card to verify the number.

Review the policy’s cancellation conditions to know the steps you must take. Most companies require you to contact them directly when you cancel your health insurance plan.

Collect all the data you’ll require, including the title of your health insurance plan, the policy number, and any security questions associated with your account. Follow the cancellation procedure according to the instructions of the insurance agent you speak to. Certain insurance companies might ask you to send them an acknowledgement of cancellation.

Record confirmation numbers, your name, the insurance agent you spoke with and the date. Get information about refunds or any prior payments. If you have paid all in advance for a one-year policy and want to cancel the plan before it is up, inquires with the insurance agent if you can be reimbursed for the remaining month. Most insurance companies will grant you a reimbursement.

Do not end your old policies until there is a new insurance policy. Make sure you review the policy. Be sure that it provides you with the coverage you require. Examine your bank and credit card statements to ensure you’re not being charged for your previous health insurance coverage once you have cancelled your health insurance.

Utilizing Short-Term Insurance

If you’ve cancelled your current healthcare plan and a new one isn’t scheduled to start until several months, it’s a good idea to look into a short-term health insurance plan that provides insurance for sudden injuries and illnesses. You can sign up for short-term health insurance at any period of the year, and it could provide you with the short-term health insurance plan you’re seeking.

Find a Medical Plan that matches your Future Health Plan.

Did you cancel your last health insurance policy because it didn’t meet your medical requirements? This time around, you’ll discover a suitable plan for your family and you. Write down all the medical emergencies you require attention to and note down the required prescriptions, as well as the specialists you should consult. These essentials should be covered by the following health plan you choose and at a reasonable cost. When looking for a new insurance plan, the cost of these services must be on the essential list of priorities.

Select a health insurance plan that is best suited to your medical needs and also fits your budget. You’ll be prepared for the coming year. Every year, you’ll need to review your medical requirements. Are you satisfied with your health insurance plan? If so, stay with your plan. If not, it’s time to look at other options. Create a list of the most urgent medical requirements and compare health insurance plans. It will be easy to find the most suitable plan that is right for you and your family after doing an amount of comparison shopping.

Compare health plans offered by various insurance companies before settling on the best plan.

Smart Financial can assist you in comparing health insurance plans offered by private companies without difficulty. So, once you’ve identified the type of health insurance you’re searching for, allow Smart Financial to assist you in finding insurance with the lowest cost. Smart Financial provides access to over 200 insurance providers, so you’re sure to find the health insurance plan price and coverage you’re seeking.

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