Normally, all property acquired after marriage by either spouse is considered community property. For details, background, and materials, see the postings at http://willicklawgroup.com/property-rights-and-division/. Term life insurance, however, normally does not have any "cash-in" value -- that is the difference between term and whole life. If this information is not adequate, and especially if you are headed into a divorce, you should consult with a family law specialist.
Answered on Jul 04th, 2015 at 3:27 PM