Monthly Archives: January 2019

Insurer’s Late Notice of Premium Due Leads to $1 Million Payment for Trief & Olk Client

Buying and Selling Life Insurance Policies in New York

Individuals who have purchased life insurance in New York are protected by certain provisions of New York’s insurance law, so that policies cannot be canceled or payment denied for failure to pay the premiums on time without the insurance company providing adequate notice.  If the proper notice is not provided, the policyholder has the benefit […]

Divorce Impacts Insurance Coverage Decisions

calendar

When a marriage ends in divorce, the parties’ attorneys should address issues relating to life insurance to ensure the parties’ intentions are fulfilled years later when an ex-spouse dies.  For example, the parties can include a provision in the divorce agreement requiring the party paying alimony and/or child support to maintain life insurance for the […]