Does QDRO Apply To Life Insurance?

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    David RacichPRO
    Fountain Hills, Arizona
    Qualified domestic relations order is generally included in a divorce arrangement that addresses the dissolving couples qualified retirement plans. If life insurance is an asset of the qualified retirement plans, then QDRO applies. The divorce agreement may include life insurance as a settlement option, but it would be treated as a standalone item of the overall divorce arrangement.

     
    Answered on May 11, 2013
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    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    QDRO or a Qualified Domestic Relations Order comes through the courts in a divorce case. This order typically deals with divorce settlements concerning finances and retirement plans such as IRAs, Roth IRAs, 401Ks, 403bs and cash value life insurance plans. If you or your ex spouse owns cash value life insurance, then yes, the cash value is included in QDRO calculations. In most cases, term life insurance plans are not included in these calculations because there is no value unless a death occurs. You or your ex spouse can also be court ordered to carry a term life policy to cover alimony and or child support in case of an early death.
    Answered on May 14, 2015
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