How much did you pay into the policy, how much has the ex paid?
When did payments stop?
I paid in from 1988 to 1991 when we split, so i would say 2.5 years. I would have paid half of the monthly payment during that period as we shared all bills including mortgage, endowment, gas elec etc etc through a joint account. We paid in equal amounts to the joint account.
He has paid the last 22.5 years alone.
The payments will be stopping now - it was a 25 year policy.
So, doing some maths, youpaid 5/50ths(10%) and shepaid 45/50ths (90%)
Your 2.5year money has beenin longer than her most recent payments. You therefore should get slightly more than a pro rata share of theproceeds.
You are in a strong positionto negotiate because she cannot get this without yr signature or court orderand that will be expensive and risky.
My suggestion would be totell her that you will settle for 15%.
If you want an exactcalculation it is actuarial matter and expensive and time consuming.
Get the insurance co to payyou direct.
Does that answer the question?I am happy to answer specific points.
Can I help further?
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I amoffline shortly until later and will pick this up then if needed.
Please bear with me todaybecause I will be online and off-line.
Thank you for the answer! can you suggest how to proceed? Obviously they want to resolve this quickly and no doubt they are NOT expecting me to claim anything. Should I ask for the policy number and deal direct through Legal and General??
Do you trust her to pay you?
OOh now theres a question - dont think so to be honest.
I suspect he thinks i will respond, sign the document and walk away. but if i am entitled to something i would like it. I dont really want to get into any "discussions" with him. what would you suggest as next steps?
I would write back saying that you are entitled to something (leave it vague) and that you will sign the doc if he agrees to give you 15%.
Tell him that if he does, send you the doc, with a confirmation letter and you will sign and send to the insurance co.
Send the signed form to the insurance co with his letter (keep a copy) and covering letter telling them that under no curcumstances is the whole amount to be paid to him and proceeds should be sent to each of you 85/15.
Tell them that if they don’t agre, send the form and correspondence back to you.
Then let him deal with the insurance co.
Whatever happens, you keep control of the paperwork
Thats great - thank you very much.
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