What Should I Do With Life Insurance Money?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaThe first thing that advisers recommend is to pay off all outstanding debt. The second is to fund future obligations like college tuition for your children and retirement. The third is spend a little on yourself and your favorite charity. Since you’re a recipient of life insurance, make sure you have life insurance on yourself to pass on the blessing to your family.Answered on July 5, 2013+01+1 this answer
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10968 POINTSview profileTim WilhoitOwner, Your Friend 4 Life, Brentwood TNThe best thing to do with life insurance proceeds is to sit with a trusted advisor. If you don't know one personally, start with friends, family and co workers for their experiences. Absolutely debt should be repaid but also the money will need to be properly invested in order to use it as a steady stream of income to replace your loved one. I am sorry for your loss.Answered on October 6, 2014flag this answer
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