Life Insurance Beneficiary

[sore1ste]

I and my wife are currently in Chapter 13. I have two life insurance policies, and my wife is the beneficiary on each. If I die during chapter 13 (not completely unlikely since I'm approaching retirement age) will she be able to keep the payoffs from the two policies or will they get sucked up by the Trustee?

A related question: Should I change the beneficiary to my step-daughter?

[Flamingo]

Remember that most people in Chapter 13s are the beneficiaries on someone's will or are the beneficiary's of life insurance policies of a spouse or relative. The best thing for you to do, since you are already in Chapter 13, is to discuss this with your attorney before you take any steps that can result in problems with your Chapter 13.