Is it normal for my husband to have is life insurance split between me and his freind.?
I ve known my husband since 8th grade, we ve always been best friends but today I found out his life insurance is split between me, his wife, and Jay, his freind, 50/50. It offends me, when I asked him why he chose to do that, he said "idk, so Jay and his girlfriend can buy a house or something. Is it wrong to take care of people?" Which is nice and all but shouldn t he want that other half of all that money to be used to take care of me? And our possible future kids? I feel so betrayed. And my husband is in the army by the way. Am I being irrational?
MsBittner2017-07-03T18:33:37Z
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Wow. This is divorce fodder.
The whole idea of life insurance is to create a financial cushion for your loved ones because they will no longer have your income. It will be used to pay off your debts and pay funeral expenses, then what remains helps the widow (and kids, if any) keep their financial footing as long at the money lasts. When it runs out, and it can, easily, even if the wife continues working, financial matters can go bad real fast, resulting in losing houses and cars, being unable to pay for necessary medical and dental work, losing phone, utilities, and all kinds of stuff.
It's not there to provide a pleasant windfall for a long-time buddy. The fact that any of this goes that direction is a serious matter, since the buddy and wife might be enjoying a new house while you're living in your car.
Not normal at all. Sounds like he cares about his "friend" a little too much. I'm calling fag. No offense to gay people. I love gay people, just not when they're too much off a puss to come out of the closet and tell their wife.
It's his choice. You're free to take out an additional life insurance policy on him, with you as the only beneficiary. I can see why you're bugged that he wants to split it with a friend, especially since he didn't seem to have a specific reason for doing so. Apparently he feels you'll be financially okay if he passes.
Bottom line, hope that you never need to use it. A time may come when he changes the beneficiary to just you, you and the kids, or just the kids.