M-5 wrote:tom4018 wrote:ddd75 wrote:someone probably paid a fortune for that 5k policy.
my FIL has one for my wife.. i think he pays like 50/month and she will get like 6k when he dies.. i think he's been paying on it for 20 years now.
My wife and I both have million dollar polices only costing us 30/month each. This is where a good financial planner comes into play.
Nothing was paid for this, just a benefit of the retirement system. I am sure it is factored into what someone draws per month though. When she retired it was $2500 and then it doubled but her monthly check didn't change.
WHat would she do ???? that's the best way to go about it. If she would have went on a shopping spree then cash it out and buy something that reminds you of her. If she would have squirreled it away then do that.
That’s a way to look at it that I haven’t yet. Thanks. One thing about posting something is it makes you think of other things.