Policy division | Huang Xiaoming Angelababy officially announced the divorce, how to divide the insurance?

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Divorce involves the division of property, we usually think of houses, cars, but often ignore insurance. Many policies have a cash value and can be classified as joint property of the spouses, so divorce should also be divided.

1. Which policies are premarital property? Which policies are joint property of the spouses?

Like houses and cars, insurance is divided between premarital property and common property.

● If it is an insurance purchased for yourself before marriage, and you have paid the fee before marriage, it belongs to premarital property and belongs to yourself;

● If the insurance purchased before marriage has not been paid, and the joint property of the husband and wife continues to pay after marriage, the premium for the period after marriage belongs to the joint property of the husband and wife and needs to be divided;

● If it is insurance purchased after marriage, whether it is bought for oneself or for the other party, it belongs to the joint property of the husband and wife and needs to be divided.

Second, what insurance can not be divided because of divorce?

(1) In marriage, whether it is accident insurance or health insurance purchased with personal property or common property, if a claim occurs, it is generally disability insurance premium, accidental medical expense insurance premium, allowance, critical illness insurance premium, sickness medical insurance premium, etc., which belongs to the personal property of the insured person in marriage and will not be divided in the event of divorce.

(2) The insurance policy purchased for the child during marriage will also be generally determined by the court to be a "property gift" to the child, according to the principle of "maximizing the interests of the child", the child's property is the child's property, which is not the joint property of the husband and wife, so it does not involve the division of property.

Third, the two methods of insurance division

(1) Surrender: half of one person

Surrender, where the returned money (cash value) is divided equally or divided in a certain proportion.

The division of the insurance through surrender must be careful, as the cash value returned may be lower than the premium. It is likely that there will be no money to be refunded, and the guarantee will be lost.

(2) Policy transfer: negotiate the difference in price

If the policy is not surrendered, the policy continues to be valid and the insured can be changed, which is equivalent to transferring the policy and negotiating the difference between the two parties.

Let me give you an example

● If the husband is both the insured and the beneficiary, and the policy itself is valuable and is a property, then the husband needs to compensate the wife according to a certain percentage of the cash value of the policy;

● If the husband is the insured and the wife is the beneficiary, the wife continues to enjoy the policy benefits, so the wife needs to compensate the husband according to a certain proportion of the cash value of the policy, in order to avoid the subsequent party to continue to pay premiums for the other party, the two parties can negotiate to change the insured and beneficiary.

Tart sister is more recommended to negotiate the way of compensation, after all, surrender, there will generally be losses.

The above policy segmentation refers to policies with cash value, such as long-term insurance types such as savings insurance, life insurance, and serious illness insurance, which need to be divided, while short-term insurance types such as medical insurance and accident insurance usually have no cash value, so there is no need to divide.

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