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re: Wife’s single premium whole life insurance from the 80s- wwyd

Posted on 5/23/23 at 6:09 pm to
Posted by Jag_Warrior
Virginia
Member since May 2015
4129 posts
Posted on 5/23/23 at 6:09 pm to
quote:

Could be very possible he is still the owner of the policy.


I thought that too, then went back and re-read his post:

quote:

My wife’s grand parents bought her a single premium whole life insurance policy


Not a big deal… just wondering why/how a parent would be telling a 30-something what they can and can’t do financially.
Posted by GoCrazyAuburn
Member since Feb 2010
34912 posts
Posted on 5/23/23 at 6:29 pm to
Who knows. Grandparents could have bought it and made dad the owner of the policy. Also said they are 30’s and $1M policy doesn’t really move the needle, so very possible there is a good bit more to the situation than just the policy.
This post was edited on 5/23/23 at 6:34 pm
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