Life insurance has become an integral part of our society. Due to the heavy financial responsibilities many are undertaking, life insurance assists the surviving spouse in meeting the financial obligations to which a couple has committed. But with that responsibility comes many obstacles which are often overlooked.
Our divorce statute specifically provides under Pa.C.S. 23 Section 3502(d) that, “the court may direct the continued maintenance and beneficiary designations of existing policies … and where it is necessary to protect the interest of a party, the court may also direct the purchase of, and beneficiary designation on, a policy insuring the life … of either party.”
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