Step Kids and Life Insurance
I specfically came here to ask this question to other people who I feel like better understand my problem. So I am currently pregnant with mine and my husbands son and our first child together. I also have a SS(8) from his previous relationship. As my due date approaches, I was thinking it might be a good time to update my life insurance policy through work. My husband is currently the beneficiary and I was going to make my bio son the alternate in the event that my husband passed away. I previously named my SS but have been thinking about it and I don't know if it's fair to even include my SS in MY policy. He is currently the beneficiary on my husbands policy solely and I am not sure if he has any intention to change that or has even considered it. I think in the event that my husband is unable to collect my policy, it should go solely to my child as my husband and I are his only parents and my SS has a whole other family. i know this might make me sound terrible but I just don't want my son missing out because I feel obligated to include SS. We currently have a separate policy together that names SS as sole beneficiary that I intend to change to 50% for both children so it's not like he wouldn't get anything at all in the event something happened to both of us. How have you handled this situation?