I have been paying spousal support for 10 yrs ($10K/yr) and based on our divorse decree I shall cont. until I pass or she passes. Recently she contacted me and wanted to no if I would consider converting to a lump sum amount. We are approx. 57 yrs old and she wants payment until the age of 62. The amount would be approx. $50K. She stated that if she either gets remarried, cohabitates or passes away there would be a provision for me to be refunded monies due. My concerns are can she come back at a later date for add $, can she garauntee a refund, is $50K the correct amount of money now based on devaluation in future, tax implications to me, and will I be able to terminate the life ins policy? Are there other questions I should consider?
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