Lifetime planner - why doesn't life insurnce pay into assets upondeath?

#3 04-26-2006, 05:48 AM

Yes, 100% assigned to named "partner" (my wife). 0% to others.

I model my death, say next year, and interestingly
: Money insists I "retire" before I die. That would be nice, but not
real life
: Nicely, Money stops paying future life insurance premiums
: Strangely, Money keeps assuming "other income" continues for me until
the designated age when I said it would stop. I think they need an "if
not dead then ..."
: Can't see any income from Life Insurance to the plan in the year of or
the year after the modeled death date.

....hum...

Michael J. Blazin wrote:
- quote -

> Did you assign beneficiary to spouse within planner? Otherwise you get the
> tagline 100% assigned to others?
> "Rob Schneider" <honeycreek2006-guard[at]yahoo.com> wrote in message
> news:eW$5UyCaGHA.4620[at]TK2MSFTNGP04.phx.gbl...
> > Michael,
> > > Yes, maybe that's what it's assuming. I'm assuming that the cash goes to
> > my wife (who in my plan is "scheduled" to expire after me). Since that's
> > still in the plan Money's computing, I figured it ought be in there
> > somewhere...
> > > I really like how the Lifetime Planner "seems" to work, but sometimes it
> > gives these sort of whacky results without anyway to dig in an really
> > understand what's going on ... removes my confidence in "the plan". Kinda
> > important.
> > > Michael J. Blazin wrote:
> > > It might be that life insurance goes to the beneficiary, not into the
> > > legal entity known as your estate that represents your remaining assets.
> > > I believe you can make a trust the beneficiary, but that's separate from
> > > your estate. I don't think that you can make yourself the beneficiary
> > > and Money may be acting dogmatic in excluding it. Unless it's building
> > > cash value, to you, life insurance is just an expense..
> > > > > "Rob Schneider" <honeycreek2006-guard[at]yahoo.com> wrote in message
> > > news:%23g$5G2%23ZGHA.3524[at]TK2MSFTNGP04.phx.gbl...
> > > > I'm puzzled why if I pick a year of death, in that year (or the year
> > > > following) the principal from life insurance policies doesn't go into
> > > > the assets? Money stops paying premiums (good), but I see no income as
> > > > a result of death. Either Money is making a computation error (based on
> > > > my mis-entry of Life insurances), or I don't understand Life
> > > > insurance.... Comments?

#2 04-25-2006, 11:09 PM

Did you assign beneficiary to spouse within planner? Otherwise you get the
tagline 100% assigned to others?

"Rob Schneider" <honeycreek2006-guard[at]yahoo.com> wrote in message
news:eW$5UyCaGHA.4620[at]TK2MSFTNGP04.phx.gbl...
- quote -

> Michael,
> Yes, maybe that's what it's assuming. I'm assuming that the cash goes to
> my wife (who in my plan is "scheduled" to expire after me). Since that's
> still in the plan Money's computing, I figured it ought be in there
> somewhere...
> I really like how the Lifetime Planner "seems" to work, but sometimes it
> gives these sort of whacky results without anyway to dig in an really
> understand what's going on ... removes my confidence in "the plan". Kinda
> important.
> Michael J. Blazin wrote:
> > It might be that life insurance goes to the beneficiary, not into the
> > legal entity known as your estate that represents your remaining assets.
> > I believe you can make a trust the beneficiary, but that's separate from
> > your estate. I don't think that you can make yourself the beneficiary
> > and Money may be acting dogmatic in excluding it. Unless it's building
> > cash value, to you, life insurance is just an expense..
> > > "Rob Schneider" <honeycreek2006-guard[at]yahoo.com> wrote in message
> > news:%23g$5G2%23ZGHA.3524[at]TK2MSFTNGP04.phx.gbl...
> > > I'm puzzled why if I pick a year of death, in that year (or the year
> > > following) the principal from life insurance policies doesn't go into
> > > the assets? Money stops paying premiums (good), but I see no income as
> > > a result of death. Either Money is making a computation error (based on
> > > my mis-entry of Life insurances), or I don't understand Life
> > > insurance.... Comments?
>

#1 04-25-2006, 05:53 AM

Michael,

Yes, maybe that's what it's assuming. I'm assuming that the cash goes
to my wife (who in my plan is "scheduled" to expire after me). Since
that's still in the plan Money's computing, I figured it ought be in
there somewhere...

I really like how the Lifetime Planner "seems" to work, but sometimes it
gives these sort of whacky results without anyway to dig in an really
understand what's going on ... removes my confidence in "the plan".
Kinda important.

Michael J. Blazin wrote:
- quote -

> It might be that life insurance goes to the beneficiary, not into the legal
> entity known as your estate that represents your remaining assets. I
> believe you can make a trust the beneficiary, but that's separate from your
> estate. I don't think that you can make yourself the beneficiary and Money
> may be acting dogmatic in excluding it. Unless it's building cash value, to
> you, life insurance is just an expense..
> "Rob Schneider" <honeycreek2006-guard[at]yahoo.com> wrote in message
> news:%23g$5G2%23ZGHA.3524[at]TK2MSFTNGP04.phx.gbl...
> > I'm puzzled why if I pick a year of death, in that year (or the year
> > following) the principal from life insurance policies doesn't go into the
> > assets? Money stops paying premiums (good), but I see no income as a
> > result of death. Either Money is making a computation error (based on my
> > mis-entry of Life insurances), or I don't understand Life insurance....
> > Comments?

04-24-2006, 11:32 PM

It might be that life insurance goes to the beneficiary, not into the legal
entity known as your estate that represents your remaining assets. I
believe you can make a trust the beneficiary, but that's separate from your
estate. I don't think that you can make yourself the beneficiary and Money
may be acting dogmatic in excluding it. Unless it's building cash value, to
you, life insurance is just an expense..

"Rob Schneider" <honeycreek2006-guard[at]yahoo.com> wrote in message
news:%23g$5G2%23ZGHA.3524[at]TK2MSFTNGP04.phx.gbl...
- quote -

> I'm puzzled why if I pick a year of death, in that year (or the year
> following) the principal from life insurance policies doesn't go into the
> assets? Money stops paying premiums (good), but I see no income as a
> result of death. Either Money is making a computation error (based on my
> mis-entry of Life insurances), or I don't understand Life insurance....
> Comments?

#-1 04-24-2006, 10:22 PM

I'm puzzled why if I pick a year of death, in that year (or the year
following) the principal from life insurance policies doesn't go into
the assets? Money stops paying premiums (good), but I see no income as
a result of death. Either Money is making a computation error (based on
my mis-entry of Life insurances), or I don't understand Life
insurance.... Comments?

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