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Sticky Sitch: Life Insurance Beneficiaries.


Kurari
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I just finished handing in most of my paperwork for my new jobs. One of my bennies is a very nice life insurance policy the company offers and I don't have to buy. I was handed the form for listing my beneficiarys, and now I'm balking.

 

I am not married or seeing anyone, and I honestly do not like anyone in my family. My mother and brother as selfish as all hell. I do love them, that won't change, but they are not really what I'd consider family. But I know if I die unexpectedly, they could really use the money. Especially my mom.

 

I have a lot of friends I love very dearly, and they all do pretty allright for themselves. But I can't seem to choose among them to list as a beneficiary, and since my friends are all friends with each other, I don't want any of them to go, "Why did she choose him/her over me?" Money makes people do weird things and I don't want my friends fighting should I happen to die.

 

I was told if don't pick anybody, the money just goes nowhere. I really don't give a crap what happens to it, but I suppose I should do something useful with it. Anybody got any ideas?

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You can make me your beneficiary. :bounce::wave::17:

 

Seriously, how about you make a friend a beneficiary but set it up so they donate all or most of it to a charity? Or can you make a charity your beneficiary? I don't know a lot about this sort of thing and I'm sure the laws vary from place to place.

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You can fill in the blank now with your estate. This will send the money to your estate. Later you may find a place or person and change the beneficiary if you like.

Note: life insurance is tax free. Once in an estate account it will be taxed.

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