We have been talking about something that often goes overlooked in a divorce: term life insurance. Couples often invest in term life policies as an estate planning tool. The unexpected death of one spouse can be financially devastating to the other; if there are kids involved, the loss of the primary wage-earner can be a disaster.
When we talk about marital property, many people think about the tangible stuff -- the cars and the family silver, for example. A valuable item is often overlooked, though: a term life insurance policy.