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Life insurance / Trust that can do this for me?

499 70 July 3, 2018 at 07:57 PM
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I'm looking to get a life insurance policy that in case of my death, will pay off both my properties and make my wife the sole beneficiary. If it just so happens that we both die, I'd like my sister in-law to be in charge of everything until my daughter turns 18.

Any thoughts on what this is called or who can do this for us?

Thanks

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#2
Quote from glck23
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I'm looking to get a life insurance policy that in case of my death, will pay off both my properties and make my wife the sole beneficiary. If it just so happens that we both die, I'd like my sister in-law to be in charge of everything until my daughter turns 18.

Any thoughts on what this is called or who can do this for us?

Thanks

For the life insurance, a reputable, independent insurance agent. For the beneficiary aspects, you need to have a will and executor properly set up. Go to an estate lawyer to have the proper contingencies drawn up legally. My 2 cents.
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#3
Pretty darn simple the company will allow you to put wife as primary and if she is also deaf then your other family member. If you don't feel comfortable that the family member will do you right then name a trust which u can have created.
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#4
Quote from YanksIn2009
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For the life insurance, a reputable, independent insurance agent. For the beneficiary aspects, you need to have a will and executor properly set up. Go to an estate lawyer to have the proper contingencies drawn up legally. My 2 cents.
this is the only advice you need.

i lied, see how your employer's policy, if available, compares to an independent agent's quotes.
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Quote from BiGspendr
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Stick a milk bone us ur ass, and let the dog eat it. Works like a charm! http://i.slickdeals.net/images/smilies/emot-LMAO.gif
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#5
If in good health then employers is more with more strings over the long run
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#6
Quote from dhodson
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If in good health then employers is more with more strings over the long run

And this shocks anyone lol? I am no insurance expert, but I know employer's screw over their employees most of the time with stuff like this, their 401k fees\options and anything else they can get away with on benefits. I would not rely on company anything wrt insurance, but that is me. Insurance companies are always looking for ways not to pay and insurance through a company is just adding another 3rd party with motivation not to pay to the equation imo.
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#7
That's not really the big factor. The company policies sort of need to cover a bunch of employees and they won't all be healthy so that gets factored in the cost to some degree. There are additional factors as well.
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