Who should be beneficiary?

the beneficiaries should be the kids because as a father he has the responsibility to make sure that when he passes that his children are taken care of. this is not his mother's responsibility and he cannot just assume that she will take this role once he is gone.

Sometimes it's helpful to find an attorney for the children (Guardian Ad Litem) to act as a beneficiary in a divorced situation so that they are not biased or show favortism. If the policy is for a large sum then it helps to have 2 people which should include the mother of the children also so the G.A.L. will help make decisions on the spending of this monies and decide if the spending is appropriate so the father can feel a little more at ease. In large sums it's also helpful to have 2 people with control so that crooked lawyers don't dip into the funds. If this is done he can write a will with specific instructions stateing that the G.A.L. should approve all spending before the mother does and have this ordered through the courts if it's that big of an issue with the father.

First of all how old are the children? Beneficiary..shouldn't be a question, children all the way. If they are young he needs to put a certain amount in trust for them to receive when they are 18 or 21 whichever he choose. Also decide on amount for mother (or I should say whoever would be caring for them) to be able to help raise them. If he doesn't have a wife, his children should be beneficiary. After all don't we work everyday to take care of our family. Then he should want to MAKE SURE they are taken care of when he is gone. Thats a no brainer......

Well, I guess everyone has different circumstances in their family which decides how they make that decision. Possibly he made his beneficiary out before he had his kids and hasn't changed it yet. I guess I don't know what goes on in this family, buttt, I believe it should go to the children, that should be his first obligation, not his mother.

I've heard that story before, that mom will do right by the kids, doesn't always prove to be true. Not all moms give a dang about their grand kids.

His kids should be the beneficiary, His mother could be the executor but only if he and his wife are no more. Otherwise the WIFE should be the executor and part beneficiary because " she will do the right thing "

The kids!

This was not even up for discussion with Me and my hubby. Mind you he didn't even want life insurance because he swore I'd kill him for it. LOL.

When I told him that I didn't want any adult named only our kids he realized it was a smart thing to do. So, you could keep showing your husband articles about people who have murdered for the money. Then throw in some examples of how families have been destroyed over money disputes after the death of a loved one.

I personally like to lead with fear. It seems to move people into action faster than anything else.

He definitely should take his mother off this policy, His children are his beneficiaries.Usually when a man marries , he changes all his policy's to his wife and children. Tell him if he is so concerned for his mother, then take a policy out and put her name on that.

Perhaps this man knows his children better than anyone else, and is simply determining that his mother is a better choice than leaving it to his children? It is probably all up to him anyway. Have you asked his reason for doing it the way he has? That may make things clearer for you.

I would say the kids should definitely be the beneficiaries. That's how it is in my family

Of course it shouldnt all go to his mother, but if she needs care and does not have any money then you should feel compassionate to give her a share. But if she doesnt need it and is supposed to be looking after it for the kids, i dont know. Tell your husband what you think, not anonomous people like us