Disclosing life insurance policies in Form E

Form E necessitates a comprehensive financial disclosure, detailing an individual’s income, assets, and liabilities, along with their financial needs and obligations, including those of any children from the marriage or civil partnership. This is essential so that the court can decide if the agreement reflects both parties’ financial requirements.

In Part 1 Section 2.5 of the form, all life insurance (endowment) plans must be declared, even if they have no surrender value and pay out only upon death. If they have a surrender value, it should be included.

You must include the policy type you have – for example, term life, whole life, joint life – and the names of anyone else in the policy and what percentage that you have. If the policy has a maturity date, this must also be included.

Insurance and other financial products might be more complicated to grasp than regular income. As a result, we recommend consulting with family lawyers and other third-party specialists before filling out these sections of Form E.

If you are going through a divorce and require assistance in disclosing life insurance policies in Form E, Vardags can help. Click below for a free initial consultation with one of our expert divorce solicitors.

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Disclosing life insurance policies in Form E

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