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?
Pleasedon't forget to positively rate my answer J service(even if it was not what you wanted to hear). If you don't rate it positively, then the site keep your deposit and I get 0for my time L. It isimperative that you give my answer a positive rating. It doesn't give me, "a pat on the head", "good boy" (like ebay), it is mylivelihood!If in ratings you feel that you expected more or it only helped a little,please ask.
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??
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?
Thats great - thank you very much.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).