my husband has a $400000 life insurance policy and...

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PostPosted: Thu Jul 02, 2009 10:53 pm   Post subject: my husband has a $400000 life insurance policy and...  

I just found out that I am only 30% bene... his 13 yr old daughter is the other 70%... is this the norm? I feel 30% important

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PostPosted: Fri Jul 03, 2009 7:20 am   Post subject:   

Quote:
I just found out that I am only 30% bene... his 13 yr old daughter is the other 70%... is this the norm? I feel 30% important




There is no norm. It is the decision of the policy holder. If he chooses to share the benefit between you and his daughter, then it is upto him. At the most you can pursue him to assign 100% benefit to you.



But, why do you want to deprive the daughter?
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PostPosted: Fri Jul 03, 2009 9:43 am   Post subject:   

I feel like I'm Jerry Springer. "My husband loves his daughter more than me."



Maybe it is simply the fact that you have the ability to support yourself while she doesn't.



Look at this from a different angle. If he dies today, you'll get $120,000. Is that enough? If not, have him buy more coverage. The amount of money that his daughter will get should be irrelevant to you.

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PostPosted: Fri Jul 03, 2009 11:49 am   Post subject:   

What does your husband say about this? How long have you been married? Is this daughter his only child? Do you have any children?

Quote:
I feel 30% important
Well, you've chosen to feel that way. If he is a good husband, provider, friend, and all around good stand up kind of guy...then why would you let this make you feel less important? He had this child before you right? He has a legal and (more important IMO) a moral obligation to support his child. After all he could've given the girl 100% and not thought of you or your needs at all. Try to think of it differently, (maybe) doing this just reaffirms to you what a great Daddy he is...



Only having the information that you have thus far given...Gotta say on the 'surface' I say good for him...He's put his daughter, and her security and future ahead of a grown woman, that is self supporting...makes sense to me...frankly it's quite refreshing, to see a parent (and a daddy in particular), make arrangements for his child, and to put that child ahead of a new wife...


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PostPosted: Sun Jul 05, 2009 10:22 am   Post subject: insurance  

Quote:
Well, you've chosen to feel that way
WOW!! What a statement, LORI!! OP..I understand that his Life Insurance will take care of things, upon your husband's death. However.......why are you worrying about that now?! Love your husband for who he is, NOT for the money he has in his Life policy. I agree with the others, on this thread.........his daughter should be the most important.
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PostPosted: Sun Jul 05, 2009 12:01 pm   Post subject:   

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WOW!! What a statement, LORI!! OP..I understand that his Life Insurance will take care of things, upon your husband's death. However.......why are you worrying about that now?! Love your husband for who he is, NOT for the money he has in his Life policy. I agree with the others, on this thread.........his daughter should be the most important.




After someone's dead, it is a little late to worry about it.



This is interesting coming from you, SD Charger. You're telling this poster that his daughter should be the most important while in your own life, giving everything to your friend and nothing to your own child. This poster's actions say, "My husband's top financial priority is to my child." Your actions say, "My top financial priority is to my friend."
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PostPosted: Mon Jul 06, 2009 6:20 pm   Post subject:   

Well, if he passes before she turns 18, those funds will get tied up in probate. That won't benefit anybody.

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PostPosted: Mon Jul 06, 2009 7:06 pm   Post subject:   

Perhaps you are taken care of in other ways where his daughter would not be. College alone can be quite expensive.



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