I know this is morbid and I hope it never comes to this, but here goes.
My work provide life assurance at x3 my salary if I were to die whilst working there.
I am married and we have an 11 month old son. We are both early 30s. We have a Life Insurance and critical illness policy which would pay off the mortgage completely if either of us were to die or become ill, etc.
The work one would be a separate thing. I remember putting my husband down as 100% beneficiary if the worst happens, but I’m beginning to wonder if I should have left the whole thing to my son. My theory would be, the mortgage would be paid off and his work would absolutely give him a huge amount of paid time off. My son would then go onto inherit from my parents as I am an only child, and he would find himself quite well off. However, the likely hood is my husband would more than likely meet someone else and could potentially have more children with them? The house could then potentially be left to “new wife” would could then potentially cut him out especially if they have more children. Money does horrible things to people, especially when it comes to other people’s children. I know I sound like a nutcase and my mind is running wild, but I feel as if I change the form to him, I’m guaranteeing him something which no one can take away or move the goal posts on. Other part of me thinks, should I leave it to my husband who at that point could do with that large slice of cash to help through a tough time and make memories with our son. How would I feel if he did the same to me? And, would I tell him? I just don’t know. Help.
aibu-
yabu- leave to husband
yanbu- leave to son