My wife and I were recently talking about what she should do with the proceeds from my life insurance if I were to die tomorrow. We’re in Europe right now, and everyone is pretty on edge about civilian-targeted terrorist attacks. I realized that I have been building up a pile of what I call “I love you money” for years, but I’ve never put together a plan for my wife to act upon in the unfortunate even that I die early.
In this post, I am laying out my plan for my wife. This post will provide a framework for her to follow that will have her and my children’s needs covered for the rest of her life, and hopefully longer.
I want to also write a little about what “I love you money” is, and why it’s important. If you don’t have a plan to leave behind buckets full of “I love you money,” then hopefully this post will get you off of your ass and get your loved ones protected. Continue reading “I love you, honey. If I die, you’ll be rich.”