Matthew Lane & Associates, P.A.
PALM BEACH GARDENS, WEST PALM BEACH, WELLINGTON, BOCA RATON561-328-1111
In light of COVID-19, Matthew Lane & Associates will be able to meet with new clients via Zoom. To discuss your options, please call the office. Thank you!

The Requirement to Purchase Life Insurance to Secure Alimony Awards in Florida

As part of an alimony obligation, a payor may be required to purchase life insurance to secure the award. In a recently decided case captioned Sager v. Sager the former husband appealed the final judgment. He argued that the trial court erred in requiring him to purchase life insurance to secure his alimony obligation. Husband and wife were married in 1982, and the former husband filed for divorce in 2016. Former husband was a mortgage broker and former wife was a teacher. The parties lived in the State of New Jersey for a large part of their marriage. The parties moved to the State of Florida and bought two houses. They used one as the marital home and used the other as a rental property. The former husband was 72 years old, and was retired. The former wife was 66 years of age. She did not have a college degree and was an early childhood teacher. She was also a substitute teacher in the summer. The trial court required the former husband to purchase a $250,000 life insurance policy to secure his alimony obligation to the former wife. The former husband appealed from the judgment requiring him to purchase the life insurance policy.

To secure alimony, the Florida Court of Appeal stated that trial courts may require that life insurance be purchased to secure alimony obligations when the trial courts make specific findings of fact that: (i) insurance is available for the payor, (ii) the payor has the ability to pay its cost, and (iii) that special circumstances warrant its purchase. Special circumstances that warrant the requirement that an obligor purchase life insurance include where the payee would be left in dire economic straits if the payor died, or where the payee is elderly, disabled, or has limited employment skills and the payor's death would cause the payee to be dependent upon the generosity or welfare of others.

To speak with an alimony attorney, contact Matthew Lane & Associates, P.A. at (561) 328-1111.

No Comments

Leave a comment
Comment Information

Request Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Email Us For A Response

Palm Beach Gardens Office
The Financial Center at the Gardens
3801 PGA Boulevard
Suite 600
Palm Beach Gardens, Florida 33410

Toll Free: 800-411-3434
Phone: 407-917-5005
Phone: (561) 328-1111
Fax: (561) 472-1568
Map & Directions

Wellington Office
Wellington Reserve
1035 South State Road 7
Suite 315
Wellington, Florida 33414

Toll Free: 800-411-3434
Phone: 407-917-5005
Fax: (561) 472-1568
Map & Directions

West Palm Beach Office
Phillips Point
777 South Flagler Drive
Suite 800
West Palm Beach, Florida 33401

Toll Free: 800-411-3434
Phone: 407-917-5005
Fax: (561) 472-1568
Map & Directions

Boca Raton Office
One Boca Place
2255 Glades Road
Suite 324A
Boca Raton, Florida 33431

Toll Free: 800-411-3434
Phone: 407-917-5005
Fax: (561) 472-1568
Map & Directions