I hope this isn't too personal of a ?...

iVillage Member
Registered: 11-25-2007
I hope this isn't too personal of a ?...
34
Sat, 03-15-2008 - 5:36pm

and if it is, I will understand, but I am torn:

mom_uk2socal - Mom to DS22, DS19, DD16

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iVillage Member
Registered: 10-07-2005
Sat, 03-15-2008 - 5:49pm

I have life insurance- enough to carry Nicolas through from now to when he's 25 if used conservatively... and allows for University... It really didn't cost that much and the benefit factor is high... Even a $10,000 policy is better than nothing- a friend of mine paid like $5/ month for her policy...


Photobucket
iVillage Member
Registered: 04-17-2003
Sat, 03-15-2008 - 6:11pm
I also have life insurance through my job with the state. I need to do a will. I had one when I was married. Of course if something happens to me my ex would get a monthly social security check. My cousin gets one because her daughter's Dad died.
Steph
iVillage Member
Registered: 10-10-2007
Sat, 03-15-2008 - 7:00pm

I have a policy that I bought when I bought my house--it is a term life policy for $100,000 (I only owe half that on the house!)--I figure that way no one gets stuck with any debts that I have incurred in my life.

April

iVillage Member
Registered: 10-07-2005
Sat, 03-15-2008 - 11:23pm

I wish A was more responsible and COULD take over Nicolas if something happened to me, but he's not, so I made a will to ensure other arrangements were in place.


Photobucket
iVillage Member
Registered: 09-01-2006
Sat, 03-15-2008 - 11:31pm

Great question!

Rosecolouredspecs
iVillage Member
Registered: 03-14-2008
Sat, 03-15-2008 - 11:42pm
I had a joint policy with my ex---and we have to continue it with the children as beneficiaries even though we are no longer married because neither one of us would be eligible for a new policy. They won't insure me because I had to go on anti-depressants as a result of the divorce and for him because he is an idiot! LOL! To my knowledge neither one of us has changed the will since from when we were married. I can't stand the man but if I died the kids would naturally have to go to their idiot father----that fact makes me remember my seatbelt every day! LOL!
iVillage Member
Registered: 11-22-2006
Sat, 03-15-2008 - 11:46pm
This is such a toughie over here. I do have a good life insurance policy. I have been paying it since DS was born. X pays his too.
I often wonder and in fact SYB asked me the other day what would happen to DS if I died. I dont think his father could handle raising him ( he sure hasnt so far!) and I definitely dont want him being raised by the grandparents. I guess I need to write something up so that my wishes are known. But if we have joint custody (even though I am the custodial parent), would my wishes be honored or would DS go straight to his Dad and then off to the grandparents as soon as he bailed? Ugh, it bothers me even thinking about it. I figure I have to write something out or obviously that is EXACTLY what will happen. And then instruct SYB to try as hard as he can to enforce what I want since we are all living here together. Sometimes I wonder if it would be easier if we were married in that circumstance. Maybe it would look more significant to the courts if it came to this.
This is an excellent thread - we should all have our papers updated and have a plan IMO....
Lilypie - Personal picture
iVillage Member
Registered: 11-25-2007
Sun, 03-16-2008 - 12:47am

Oh how I hear ya, and one of the reasons I am torn.

mom_uk2socal - Mom to DS22, DS19, DD16

iVillage Member
Registered: 11-25-2007
Sun, 03-16-2008 - 12:53am
citylife VERY similar concerns here, too tired here to write much tonight,

mom_uk2socal - Mom to DS22, DS19, DD16

iVillage Member
Registered: 06-21-2007
Sun, 03-16-2008 - 1:12am
On my life insurance and bank accounts, my mom is the POD (payment on death). She is listed as the beneficiary on everything. I did this because I assume the ex would let her raise them in the event that I died, and because I am sure not handing him a lump some of money.

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