How should I invest my late husbands life insurance policy?

My husband recently passed away and we are dealing with the grief. Fortunately, we had purchased some life insurance a few years back. I have a large sum of money that I need to put somewhere, but I don't know where. My husband was about 10 years from retirement and we have a few other accounts, but I could really use the advice.

Life Insurance, End of Life, Women & Money
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November 2017
79% of people found this answer helpful

Hello,

Please accept my sincere condolences first of all.  Secondly, the general rule for a grieving spouse is not to make any haste financial decision within the first 6 months for the fear of decisions made emotionally.  If anyone tries to rush you, the polite answer is “I’ll get back to you soon as I have lots of other urgent decisions to make right now.”  Having said that, it does not mean you should skip mortgage payments or credit card bills.  Those should be paid on time no matter what.  You may even want to set-up auto pays so that you can focus your energy and time on other financial or non-financial matters.  Take the time to interview a financial planner, particularly a CFP®, through family/friends’ recommendations, or one you find on this platform as technology brings people closer more than ever.  Once you choose the trusted CFP®, he/she will review your overall finance and design a plan that fits your short- and long-term goals, and manage the portfolios based on those premises. I wish you the best! 

November 2017
November 2017
November 2017
November 2017