How to manage life insurance proceeds

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Posted: Tue Mar 02, 2010 9:40 am Post subject: How to manage life insurance proceeds

I guess it would be a challenge for my wife to manage the benefits that she gets out of my life insurance proceeds once I die. Is there anything (that I may do now) which would prove beneficial for her at that point of time? _________________ Register Now to have your Insurance queries solved.

Tigerwoods

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Posted: Tue Mar 02, 2010 11:46 am Post subject:

How about some financial education for her now, so you don't have to worry about that? _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.

Lori

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Posted: Wed Mar 03, 2010 7:27 am Post subject:

Why don't you leave your life policy with a trust! I'm sure your financial interests would remain safe in the long run. _________________ AmPmInsure Blog

sil

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Joined: 30 Sep 2005
Posts: 483

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Posted: Thu Mar 04, 2010 3:23 am Post subject:

What do you mean by hard to manage? Do you have an advisor who would be there keeping the plan alive even in your absence? A lot of companies have options with respect to how funds are distributed. This is an option.

BNTRS

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Joined: 05 Nov 2009
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Posted: Thu Mar 04, 2010 12:12 pm Post subject:

Quote:

A lot of companies have options with respect to how funds are distributed.

Well, this is something interesting. Would you care to discuss them briefly over here!
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anonymous00

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Posted: Fri Mar 05, 2010 6:34 am Post subject:

I'm sure your wife would gain much out of any book-keeping class. See, if you can buy the cashflow101 game. It's a tool that introduces you to some investment skills. It would help her as well. _________________ Register Now to have your Insurance queries solved.