Remember your insurance policies during your divorce

People going through a divorce often feel overwhelmed by the number of changes in their lives. Many neglect to consider the changes they need to make to their insurance policies. However, if you don't make the necessary adjustments to your policies, you could be jeopardizing your financial well-being.

Following are the five insurance policies you need to look at when you're going through a divorce:

-- Health insurance: If you're on your spouse's employer-sponsored plan, you'll need to make other arrangements. There are a number of options, including getting insurance through your own employer and going into the state health insurance marketplace. Make sure that your children continue to be covered either under your plan or your spouse's. That can be worked out in the divorce.

-- Homeowners insurance: What you do with this will depend, of course, on what the two of you do with the house. If one or the other takes over sole ownership, the policy should be changed to reflect only that person's name.

If you move into an apartment or condo, don't forget to take out a new policy. Renters and condo owners policies are available to insure your belongings and help protect you from liability if someone has an accident in your home.

-- Disability insurance: Too few people have long-term disability insurance, but it allows you to continue to receive a portion of your income if you suffer a serious injury or illness. It's particularly important for single people. If your employer doesn't offer disability insurance, you can get an individual policy.

-- Life insurance: If you're the one paying spousal and/or child support, you may be required to have a policy naming your ex-spouse as a beneficiary to cover those support payments should you die. If you have a policy already, but don't have any support obligations, you likely want to change your beneficiary, assuming that it was your spouse.

-- Auto insurance: You'll need to get your own policy for whichever vehicle(s) you keep in the divorce. If you have teen drivers, talk with your insurance agent about whether they should be on both parents' policies or just one.

During your divorce, it's important to keep your insurance agent updated throughout the process so that he or she can advise you. Your family law attorney can likely offer some advice as well, based on the terms of your settlement.

Source: Forbes, "5 Crucial Insurance Changes After Divorce," Barbara Marquand, accessed June 23, 2016

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