Divorce Terminates an Ex-Spouse's Status as the Named Beneficiary of a Retirement

question 255

True/False

Divorce terminates an ex-spouse's status as the named beneficiary of a retirement plan or a life insurance policy.

---

Definitions:

Employment Opportunities

Available jobs or positions in the labor market that individuals can apply for in order to earn income.

Poverty Rate

The percentage of the population living below the national poverty line, indicating the proportion of individuals or families whose income falls short of the defined threshold for basic living costs.

Blue-collar Jobs

Occupations that typically involve manual labor or skilled trade tasks.

Service Jobs

Employment positions that focus on providing assistance, support, or advice rather than producing goods.