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Ohio Law - Life Insurance On the Payer.
The court may require a spouse to take a life insurance policy with the other spouse as beneficiary, if there
are payments that could be made after the death of the recipient.
Cases:
McCoy (1993) 632 N.E.2d 1358 (In this
case, the wife was awarded property worth between $1 and $2 million.
She was also awarded alimony of $75,000 per year, payable
for eight years. The lower court also required the husband to obtain
life insurance to cover both these amounts. The appeals court said
that it was improper to order life insurance to cover the alimony,
but fine to order the life insurance to cover the property
settlement. Neither court required the wife to show that the husband
was insurable or to present the cost of the premiums. The reason it
was improper to have life insurance for the alimony payments is that
they were scheduled to terminate automatically if the husband died.)
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