Life Insurance

Life Insurance
___Child As Beneficiary
   A parent may be required to provide or maintain life insurance with his child as irrevocable beneficiary to ensure the fulfillment of his support obligation if he should die within the child’s minority.  In re Dulyn

___Illustrative Cases
   The trial court did not abuse its discretion in awarding decedent’s children one-third of $300,000 life insurance policy; even though under the terms of the dissolution judgment the decedent was to maintain a life insurance policy for the benefit of his children, at the time of the judgment decedent had two policies in the total amount of $55,000.  Downey v. Downey

Limitations

___Death
   A court does not have authority either: (1) to order a spouse or the estate of that spouse to make maintenance payments for a period extending beyond the death of that spouse, or (2) to require that spouse to secure income in lieu of maintenance to the other spouse after death of the first spouse by making the other spouse or a trustee for the other spouse the beneficiary of insurance policies on the life of the first spouse, or other contracts payable at the death of the first spouse.  In re Clarke

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