Quote:
Originally Posted by Don
I prefer to give more credit to peoples ability to understand how to take care of their money. I don't think the majority of these people, upon receiving $400,000, are going to blow the money.
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Not me. I've seen what happens to a person after they get the notification. I expect the bereaved to be consumed with anguish. In many cases the widow has trouble deciding what shoes to wear to the funeral much less deciding if paying off the mortgage is the right thing to do or if the departed still really wants a Corvette. They might not "blow it" but they probably will not make the best use of the money at that time.
I'm with Craig. Pru didn't say "No money for you" they said, "it's here when you want it, let us know when you're ready."
This is another example of the too often phenomenon of finding fault where none exists. As for me, I have an executor who understands that after I go, I want my children and wife taken care of well into the future. It will not be long until the papers are filled with stories of bereaved families who fell victim to scam artist financial planners. This is another reason why Mother Army assigns casualty Assistance Officers and NCO.
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