How to manage life insurance proceeds

by Guest » Tue Mar 02, 2010 09:40 am
Guest

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?

Total Comments: 5

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?

Posted: Wed Mar 03, 2010 07:27 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.

Posted: Thu Mar 04, 2010 03:23 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.

Posted: Thu Mar 04, 2010 12:12 pm Post Subject:

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!

Posted: Fri Mar 05, 2010 06:34 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.

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