panchocisco
New member
More of a moral question or a "has anyone experienced this" question. Going thru a divorce and my soon to be ex wants me to keep her as the beneficiary. Details below.
- We have an 8 y/o kid.
- Ex makes $138K a year, I make $111K.
- Current LI policy is $400K which I don't intend to keep post divorce.
- I have $330K in stocks/IRA/savings that would go to our kid, managed by my father.
- Neither of us have debt or a mortgage.
Ex is adament I keep my life insurance policy with her as the beneficiary. I disagree. Even if I were to keep a policy, I wouldn't have her as the beneficiary (long history about her spending money on herself and not our family).
Is it normal for the higher earner to want this? Am I being stubborn?
Thanks...
- We have an 8 y/o kid.
- Ex makes $138K a year, I make $111K.
- Current LI policy is $400K which I don't intend to keep post divorce.
- I have $330K in stocks/IRA/savings that would go to our kid, managed by my father.
- Neither of us have debt or a mortgage.
Ex is adament I keep my life insurance policy with her as the beneficiary. I disagree. Even if I were to keep a policy, I wouldn't have her as the beneficiary (long history about her spending money on herself and not our family).
Is it normal for the higher earner to want this? Am I being stubborn?
Thanks...