Gelman & Associate's statement regarding COVID-19 - Read More

Until the matter of child and spousal support is dealt with, you cannot assign a new beneficiary to your life insurance policies. This is because one’s support obligations are binding upon one’s estate, and if it turns out that you will be the payor of either or both of child and or spousal support, the recipient spouse needs to remain the beneficiary of a sufficient quantum of life insurance proceeds to cover the support that is payable.