Life Insurance Annunity


#1

My husband has a life insurance policy that can also be used for retirement - I believe it is an annuity of some type. This policy was purchased a few months before we were married and I was named beneficiary from the date of inception of the policy. He has continued to make monthly payments.

In another post I read regarding life insurance - life insurance which was paid during the course of marriage was noted as being marital property.

Question 1: Is the maturity value or the current cash value considered maritial property? I am assuming there would be a deduction in martial property value based on the amount paid in before marriage - is this correct?

Question 2: If insurance is provided by an employer at no charge, is this also marital property?

Thank You,

Wendy