Hi all
I am getting married soon, and just wanted to see if AIBU for this?
Partner and I both have life insurance policies. For now, mine is set to go to my child (with my mum as guardian if he is under 18) but I had told him this will be changing to reflect him as my new husband once we are married, with money being split between him and any children we have.
We are going to buy our first house not long after getting married, in which will obviously be both of us paying the mortgage.
When my partner told me his plans, he said he wanted to split his between me, any children and also his mother.
For reference, his mum has no mortgage as the house is paid off and children are all grown up (except 1 non verbal autistic son who will need life long care, that his sister is providing at the moment).
This is the first time I have heard anyone making such an arrangement and its took me back a bit.
I have explained to him, in the event he unexpectedly dies, or becomes ill and dies, he needs to look after his primary family first, so we have the means to pay for our house, and any children can maintain a good life. With the house we want etc, there is no way I could afford this on my wage alone, and it would have to be sold. Not to mention, next of kin (your spouse) will need to pay for funeral costs and clear any outstanding finance debts (car, agreements etc). I have tried explaining this is why people would designate their life insurance to their spouse and children, then perhaps leave some money from savings etc to gift to a mother etc.
He stills says he would put his mum down to receive a certain % of the insurance policy.
AIBU?
The thought of putting my mortgage free mum on mine never crossed my mind, and my only thought is keeping my primary family with a roof over their heads in the event that I would die.