jsp32020 Posted June 17, 2015 Share Posted June 17, 2015 (edited) ... My girlfriend maybe fiance/mother of child disapproves. It's my basic job $50,000 insurance policy, I made her the 90% beneficiary for the sake of my son and gave my mom and brother 5% each. She feels like my son and family are more important and that I shouldn't be concerned with adding anyone else on there at all. Her policy goes to me 100% should anything happen to her, and now feels that since I did mine that way she should do hers differently now. Did I do something wrong? I mean hey I love my mom and brother and would like to leave them with spare change, obviously the lion's share goes to my son, if things work the way their supposed to, mom would go first anyways. Before her it was just me so they've always been on my policies so I figure just add the kid (through her) and cut their shares. She feels like a decision like that should be discussed, me being a simple brained guy just filled the form out real quick because my boss was asking that we turn them right back in. And keep in mind the relationship between her and her mother and siblings is not as tight. Furthermore she uses this as fuel to prove this notion that my head isn't all the way in the game as far as us and family goes. Thoughts? Edited June 17, 2015 by jsp32020 Link to post Share on other sites
GorillaTheater Posted June 17, 2015 Share Posted June 17, 2015 It would never even occur to me to put somebody other than my wife and kids on my policy. It seems strange that you would do so just to give them some extra spending money, since I think the whole point of insurance is to provide for those you're leaving behind who are already counting on you for support. But we're only talking 5K here, so I'm not sure why your fiancée would be upset, either. Weird deal all around. Link to post Share on other sites
Author jsp32020 Posted June 17, 2015 Author Share Posted June 17, 2015 It would never even occur to me to put somebody other than my wife and kids on my policy. It seems strange that you would do so just to give them some extra spending money, since I think the whole point of insurance is to provide for those you're leaving behind who are already counting on you for support. But we're only talking 5K here, so I'm not sure why your fiancée would be upset, either. Weird deal all around. I have planned on going out and getting a real policy, it's just one of those things I've never thought about much, and being a new dad and used to always having then on my policy since there was no one else. Link to post Share on other sites
Author jsp32020 Posted June 17, 2015 Author Share Posted June 17, 2015 I guess I was looking at the policy like a will where things are divided up. I've been carelessly single my whole life and looked up and suddenly I have a son and step family in wait. I'm often clueless to alot of this. Link to post Share on other sites
GorillaTheater Posted June 17, 2015 Share Posted June 17, 2015 I guess I was looking at the policy like a will where things are divided up. I've been carelessly single my whole life and looked up and suddenly I have a son and step family in wait. I'm often clueless to alot of this. Don't worry about it. It's a big adjustment. If your heart's in the right place, your head will follow. So this is more about her concerns that your not all in, more than it is about the money. That probably makes more sense. Link to post Share on other sites
Davey L Posted June 17, 2015 Share Posted June 17, 2015 I make sure my life insurance will pay out less than my future earnings minus what I spend on myself, and make sure that my wife knows that. Don't want to be worth more dead than I am alive, I've seen too many cases on ID where people have been murdured for their life insurance. Particularly as my wife has several times threatened to poison my dinner. 1 Link to post Share on other sites
d0nnivain Posted June 17, 2015 Share Posted June 17, 2015 It was your decision. If you pass the difference between your son getting $40k v $50k isn't going to change his life. Link to post Share on other sites
Art_Critic Posted June 17, 2015 Share Posted June 17, 2015 It would never even occur to me to put somebody other than my wife and kids on my policy. It seems strange that you would do so just to give them some extra spending money, since I think the whole point of insurance is to provide for those you're leaving behind who are already counting on you for support. But we're only talking 5K here, so I'm not sure why your fiancée would be upset, either. Weird deal all around. Same here, when I was single and no kids I had my family as my beneficiaries but once I was married and had a kid that all goes to my wife and a trust for the child.. I also agree.. 5k isn't worth the mention but she is most likely thinking that you are worrying about people that you aren't bound morally to take care of and I'd bet it just hurt her feelings. Link to post Share on other sites
Art_Critic Posted June 17, 2015 Share Posted June 17, 2015 It was your decision. If you pass the difference between your son getting $40k v $50k isn't going to change his life. The flip side of it is 5k isn't going to change their life either.. they are older adults, at least if he gave it to his child it could possibly be used for something on down the road as he gets older... like a car or school. Link to post Share on other sites
Author jsp32020 Posted June 18, 2015 Author Share Posted June 18, 2015 It was your decision. If you pass the difference between your son getting $40k v $50k isn't going to change his life. $45 for him and $5K split with two people.... same thing I was thinking, I will have another separate policy anyways, I've just been dragging my feet assuming I'll make it out of my 30's lol... Link to post Share on other sites
smackie9 Posted June 18, 2015 Share Posted June 18, 2015 I would have second thoughts about getting married with that kind of attitude from my SO......belly aching over 5 grand pleeeease. Link to post Share on other sites
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