What To Do With Life Insurance Money?

1. 

   61667 POINTS

   view profile
   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Death benefit proceeds generally pass to the policy beneficiary tax free. What the beneficiary does with the proceeds is really up to them. But most advisers recommend paying off your debts, which may include mortgage. If there's money left, you should fund college education for your children or grandchildren.

   Answered on August 15, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.