Life Insurance

[nadler Howard 27]

Can anyone tell me if is a good ideal for my wife to get a life insurance and include my name, even though my interview is less than 2 months to go?

[Cyberfx1024 7,978]

2 minutes ago, nadler Howard said:

Can anyone tell me if is a good ideal for my wife to get a life insurance and include my name, even though my interview is less than 2 months to go?

Just to let you know a fair number of reputable companies will not insure someone that is out of the country. 

[nadler Howard 27]

Just now, Cyberfx1024 said:

Just to let you know a fair number of reputable companies will not insure someone that is out of the country. 

Not me but my wife who is in the US

[Cyberfx1024 7,978]

2 minutes ago, nadler Howard said:

Not me but my wife who is in the US

You can do that for sure. They have $10k policies for cheap

[nadler Howard 27]

2 minutes ago, Cyberfx1024 said:

You can do that for sure. They have $10k policies for cheap

Thanks. Will only life insurance enough or should she add 401k to it?

[MMatrimony 306]

Hey my husband who is in Ghana is a beneficiary on mines and I have “ liberty mutual “

[Cyberfx1024 7,978]

30 minutes ago, nadler Howard said:

Thanks. Will only life insurance enough or should she add 401k to it?

You can do both 

[pushbrk 12,154]

Doing both is better.  Doing it sooner would have been far better.  A token amount of NEW life insurance is really not helpful.  A change of beneficiary shortly after you were married, on both her 401k AND an existing life insurance, (Employer Group insurance and/or personal policy) would be what people in a bona fide relationship would have done.

[Apple Bee 272]

54 minutes ago, pushbrk said:

Doing both is better.  Doing it sooner would have been far better.  A token amount of NEW life insurance is really not helpful.  A change of beneficiary shortly after you were married, on both her 401k AND an existing life insurance, (Employer Group insurance and/or personal policy) would be what people in a bona fide relationship would have done.

This is what I did. I had to hound my life insurer (given through my employer) for a letter showing my husband and my mom listed as my beneficiaries, with 75% going to my husband.

Edited May 31, 2018 by PersaisX