Variable life insurance cash value

[Roy7]

What is the name of your state? Texas

Had variable life insurance way before we got married . Built up a nice cash value. In the 2 years of marriage it increased by 70k

The policy pays for itself for the last 10-15 years so no premium is paid from any of my accounts or our accounts . It’s self pay .

So my question is what is at risk in a divorce ? Is it the premiums only or the increase in cash value in the two years ? Or nothing at all?

I’m needing to decide my exposure on this matter so I can make the best possible path forward .

No kids/ only known her for 4 years / very low income earner on her part I am the 85% of t he income .

 

[Zigner]

Based on what you've stated, the life insurance is your separate property.
This is because no marital funds have been involved.

 

[LdiJ]

Based on what you've stated, the life insurance is your separate property.
This is because no marital funds have been involved.

If he made no premium payments during the marriage I would agree with this answer. However, if he used community funds to make premium payments then some of it is going to be community property. I realize that you are assuming from his post that no premiums are being or have been paid during the marriage, but his use of tenses make it a little unclear.

 

[Zigner]

If he made no premium payments during the marriage I would agree with this answer. However, if he used community funds to make premium payments then some of it is going to be community property. I realize that you are assuming from his post that no premiums are being or have been paid during the marriage, but his use of tenses make it a little unclear.

The OP was pretty clear, not sure of the confusion:

"The policy pays for itself for the last 10-15 years so no premium is paid from any of my accounts or our accounts . It’s self pay ."

 

[cbg]

Under Texas law, a life insurance policy that he took out before the marriage is NOT community property.

 

[LdiJ]

The OP was pretty clear, not sure of the confusion:

"The policy pays for itself for the last 10-15 years so no premium is paid from any of my accounts or our accounts . It’s self pay ."

Like I said, his use of tenses makes it just a little unclear. Hence my "if" statement. If he had said: " The policy has paid for itself for the last 10-15 years so no premium has been paid from my account. It has been self pay." then I wouldn't have felt it was unclear. The very first time I read his statement I though he was talking about something that would happen in the future. ie I thought he meant that it will become self pay in the future, at first, and then I wasn't sure either way.

 

[Mark_A]

When OP says: "The policy pays for itself for the last 10-15 years so no premium is paid from any of my accounts or our accounts. It’s self pay" I assume they mean no premium is paid after year 10 (the last 5 years). If that is not correct, the OP should straighten this out.