Hi, my husband got divorced from his previous wife more than 8 years ago.
Financial settlement was made and the time and she signed away any right to any future claim on my husbands estate.
Whilst they were married they had a joint critical illness policy and my husband wants to cancel this. He has been told that we need her signature. If this correct and would she be entitled to claiming half of the surrender value?
Did this policy form any part of the concent order ? How have payments been funded to this policy for the last 8 years ? If they have both been paying into the policy then it would seem reasonable that the proceeds from the policy are split.
Do you have any idea of its current surrender value and how long it has before it matures