Divorce Advice for Men | Fathers Rights Divorce | Child Custody

We pay for insurance frequently, but we use insurance infrequently.

So financial adviser Dan Danford is used to hearing people say they aren't going to buy insurance because the chances they will ever need it are slim.

Though he understands where those people are coming from, Danford, CFP®, CRSP®, MBA, of Family Investment Center, explains why you need to buy insurance anyway.

Question:

I am the stepmom of two children. My insurance is cheaper and much better than the children's father/my husband.

He is ordered to provide health, dental, and vision insurance on the children. Can I carry the insurance on the children even though he is the one court ordered to do so?

Question:

My wife has filed for divorce.

Can I remove her as the beneficiary on my life insurance now?

Can I also take money out of our bank account that I'm afraid she will spend?

Divorce insurance has been all over the news recently with the launch of WedLock Divorce Insurance, a form of casualty insurance serving as your financial safety net if your marriage fails.

Cordell & Cordell managing partner Scott Trout was interviewed by WOWT-TV, an NBC affiliate in Omaha, Neb., about the legal ramifications of divorce insurance.

Question:

After my ex-wife neglected to take our children to the dentist for years, I scheduled appointments for all of them, which resulted in some out-of-pocket medical expenses that my insurance did not cover. I keep asking for reimbursement from my ex-wife and she keeps ignoring it.

I'm afraid if I involve the courts to get reimbursed for half of the medical costs, that she will bring up other issues and ask to modify the parenting time schedule. What should I do?