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When a family member died, I received a form suggesting that I allow the insurance company to hold the proceeds in a fund with the option of writing checks from the money when I am ready. Should I agree to this? |
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This is a useful option offered by many companies. Beneficiaries have told insurance companies that they often need time to decide how to readjust their lives and their finances.
An option such as this allows the beneficiary to take some time before making a major decision about how to spend or invest the proceeds and move on with their lives.
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