Stacy Francis Featured Article on Kiplinger about the Best Way a Widow Can Use Life Insurance Proceeds
By: Francis Financial
December 17, 2021
Stacy Francis, President and CEO of Francis Financial has a featured article on Kiplinger that discusses the many options that a widow can use life insurance proceeds and the best use of the money for her unique circumstances.
The loss of a spouse is one of the most stressful events a person can experience. With it comes a whole host of emotions that can be overwhelming for the bereaved. Hopefully, life insurance is one thing that was put in place to allow those remaining to process their loss without fretting over their finances.
The lump-sum life insurance offers can cover immediate significant expenses as well as long-term costs that might be hard to afford because of lost income. Life insurance is also typically one of the first assets transferred to the beneficiary after a death.
Once the life insurance proceeds are received, a new question may arise. How should one use the funds?