Husbands life insurance

KW157

I just noticed my husband has changed the executor of his life insurance to his mum. We previously talked about his life insurance policy and the idea was I would use it to help pay off our mortgage. We also have 2 dependant children together.

We have money tied up in property that we owe his mum but not sure why else he would change it. Wondering how to broach the subject with him about the reason why he changed it.  

HampshireH

Do you mean recipient of?

Seems a very odd thing to do when presumably he would expect to outlive her.

How did you find out? That will probably depend on how you broach the subject.

A) looking through his confidential paperwork - not ideal and probably harder to discuss. Perhaps go down the line of reviewing all your future finances and raising it as part of that "and your sure your life insurance got changed over" to start the conversation leading to disclosing you know it's in his mum's name.

b) he mentioned it and if so just bring it back up in conversation off the back of the previous one.

Who does your policy name?

Keep_pedalling

When you say executor, do you mean beneficiary? Executors administer wills not insurance policies unless a policy forms part of the estate.

dunstonh

I just noticed my husband has changed the executor of his life insurance to his mum.

As mentioned above, there is no executor role on life assurance.

We previously talked about his life insurance policy and the idea was I would use it to help pay off our mortgage. 

Normally, you would not put life assurance in trust when it is used for clearing a mortgage.

We have money tied up in property that we owe his mum but not sure why else he would change it.

We need to know what he has changed.    
The policy must be in trust to change the beneficiary or the trustees.    So, which of these is she?

Wondering how to broach the subject with him about the reason why he changed it.  

Easy (on paper).   You are his wife.  You are the mother of his children.   If he is disadvantaging you or your children, then you have moral right to know why.   If you cannot discuss this with him without agro from him then you have greater issues that you should be considering.