My Husband Just Dropped Some News

My Husband Just Dropped Some News

Next Steps:
📚 Building a Non-Anxious Life:
📝 Anxiety Test:
📚 Own Your Past, Change Your Future:
❓ Questions for Humans Conversation Cards:
💭 John's Free Guided Meditation:

Connect With Our Sponsors:

Explore More From Ramsey Network:

These platforms contain content, including information provided by guests, that is intended for informational and entertainment purposes only. The content is not intended to replace or substitute for any professional medical, counseling, therapeutic, financial, legal, or other advice. The Lampo Group, LLC d/b/a Ramsey Solutions as well as its affiliates and subsidiaries (including their respective employees, agents and representatives) make no representations or warranties concerning the content and expressly disclaim any and all liability concerning the content including any treatment or action taken by any person following the information offered or provided within or through this show. If you have specific concerns or a situation in which you require professional advice, you should consult with an appropriately trained and qualified professional expert and specialist. If you are having a health or mental health emergency, please call 9-1-1 immediately.

Ramsey Solutions Privacy Policy

Products:

[miketheyunggod]

I wasn’t on my wife’s policy when she passed away. It was her brother. She just forgot to change it. He gave me the money.

[TheMsNekomata]

I was the sole person listed on my husbands life insurance policy when he passed but we had many conversations when COVID first happened and I knew that he wanted me and his younger brother to split it 50/50. So after he passed, and even though my own family called me stupid for doing so, I went to the bank with his younger brother after it hit my account and I transferred half of it to him. I wasn't legally obligated to do so but I knew it was what he wanted so its what I did.

[amandah.]

As someone who sells life insurance, you would be SHOCKED at how many husbands do not want their wives to receive money if the unthinkable happens. They would rather have their stay-at-home wives end up in poverty than a potential new husband get any of “his” money. It’s really sad.

[reginabonds]

Worse. I found out after 35 years of marriage that my husband cancelled our life insurance. (Mine too) when he retired. He did not tell me. He died of cancer. He left me with all the medical bills, no money and as we were living with and taking care of his mother, I no longer have a home. I’m mad, confused, hurt and lost. I’ll never marry again. Ever.

[kathylovesmk]

I am an insurance agent. DO NOT PUT ANYONE UNDER THE AGE OF 18 as a beneficiary!! It will tie up the money in probate.

[Lonnie-wcuf]

I’m from Michigan and if you list anyone other than your spouse, you have to have a sign off from your spouse.

[skilltreed]

My husband put me as 50% and our girls as 50%. I was absolutely okay with that.

[darlaroe]

I found out out that my husband gave everything except the house to his best friend. I could live in the house but it would go to a hospital after I died. Once I found that, I was done. After I left, I found out tons of ugly truths. So glad that I am out.

[tycho_Grayken]

If i die (I pray constantly i don't outlive my wife..i couldn't survive losing her)
EVERY.... SINGLE.... THING goes to her. I know she will do what's best.

[commentator]

My husband had left the beneficiary slots blank on his retirement accounts. He just skipped it. People need to learn these things are important.

[Stranger_Than_Fiction]

I had a family member who died of cancer. He left his life insurance to the first wife (who he talked to every day even though they both were divorced and remarried.) and all the medical bills to the second wife who had to declare bankruptcy. I dont get why anyone would want to leave their spouse drowning in medical and funeral debt if they have insurance to help them.

[leslierenee]

I am a life agent of 24 years expert and this is not good. It will be nightmare. Trust me. Fix this asap

[liberty]

My X did this for 15 yrs. He listed his first 2 daughters as beneficiaries. Our 4 children & myself were never listed. He refused to discuss it. One of the many reasons we divorced.

[NoNameNannyNYC]

My husband asked me 29 times AFTER I started counting (because he had asked so much I began to worry) if he was still the beneficiary on the $500k one & then tried to suffocate me in my sleep!

[JenniferG-jmrh]

So, mine canceled it and didn't tell me. I stood to gain nothing. He didn't care and after years of lies and manipulation, I filed for divorce. I only wish I had left years earlier!

[happilyeverlambert]

I had to explain to my husband that life insurance is not an inheritance he wants me home with the kids while he works that’s fine but if something happened to him I wouldn’t be able to lay him to rest and take care of our children and look for a job and pay the bills.

[debsea]

A common mistake. If he dies and the child is not 18, you’ll have to open a guardianship in your state and deposit the money in a trust account. Prior to that, you will be taking a guardianship class and be appointed by a judge as guardian. Every year you have to pay taxes and an accountant for the accounting. If you ever need funds from there, it will have to be another legal process of going before judge to request it. It’s a mistake a lot of people do. Unless he thinks you are not trust worthy of managing the funds for the benefit of your child. The other reason it would get left to a minor would be that they are the beneficiary of a lawsuit and they are under age. Other then that, the parent should be listed to save lots of money in fees and maintenance of the trust.

[Reductioadabsurdum]

My ex husband was on my life insurance policy for 10 years after our divorce. He wasn’t biologically my children’s father but, he was the only person I trusted to take care of my kids if anything happened to me.

[saltedcharm]

I cannot imagine this, I am the beneficiary on his policy, and he is on mine. If you do not love your spouse enough to make them the beneficiary on your insurance policy, then do not marry them.

[chelsey]

My husband's friend just lost her husband, he put her and the two kids equal on the policy. It really really messed things up. He had no idea im sure, the headache it causes. To keep the home she had to take out a loan to "pay out the kids" portion. So just to sustain life for the family she had to go into debt. My husband co-signed the loan for her. Do not do this ! Please, it doesn't help the kids