- 6 - sentence) and the fourth sentence were different. The pertinent third and fourth sentences of that early draft read: After the divorce, the beneficiaries of said policies will be changed to the children, provided however that Mr. Lineweaver has the right to designate someone other than the children as beneficiaries of policies providing regular coverage (as opposed to double indemnity) of up to $100,000.00. Mr. Lineweaver, after all the children have reached the age of eighteen (18) years, may make whomever he wishes the beneficiaries of any or all of his life insurance. Kathleen wanted to remain a beneficiary after the divorce until she remarried and also wanted the children to remain beneficiaries until they reached age 21. In a later draft the following third and fourth sentences appeared: After the divorce, Mrs. Lineweaver shall, until she remarries, remain the beneficiary of life insurance policies providing regular coverage (as opposed to double indemnity) in an amount of up to $100,000.00, with the beneficiaries of the remaining life insurance policies being the children. Mr. Lineweaver, after all the children have reached the age of twenty-one (21) years, and Mrs. Lineweaver has remarried, may make whomever he wishes the beneficiaries of any or all of his life insurance. In the final version of the "After the divorce" sentence, the version the spouses ultimately executed, the "up to $100,000.00" language in regard to Kathleen's interest was changed to "not less than $100,000.00". In the final version the proviso in regard to Mr. Lineweaver's naming beneficiaries other than the children for insurance up to $100,000, which had appeared in the third sentence of the earlier draft, was added to the end of the new third sentence. The fourth sentence remained the same inPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011