My PSA states verbatim “Husband will maintain a life insurance policy current and in effect with the wife and minor child listed as beneficiaries.”
My question is this… I am remarried now and have an other child with my new wife. Since the PSA states the ex and my other son must be listed, does it prevent me from listing beneficiaries as follows:
New wife 49%
Minor Child 25%
New Child 25%
Ex wife 1%
Since the wording does not specify amounts, will I be in violation?