top of page
BeneficiaryWM_Logo.PNG

Insurance Proceeds

    • Determining how much of the payout should be kept liquid for expenses (funeral costs, debts, mortgage, ongoing bills).

    • Separating the remainder for longer-term goals like retirement, education, or legacy.

    • Avoiding rash decisions while grieving — parking proceeds temporarily in safe, interest-bearing accounts.

    • Educating clients on risks of fraud, exploitation, or unwise investment pitches that often target new beneficiaries.

    • Using part of the payout to eliminate high-interest debt.

    • Considering whether to pay off or refinance a mortgage for peace of mind.

    • Balancing debt reduction with maintaining liquidity.

    • Turning a lump sum into a reliable income stream (e.g., annuities, dividend portfolios, bond ladders).

    • Reinvesting to preserve long-term growth while keeping risk in check.

    • Aligning investment choices with the family’s risk tolerance and needs.

    • While most life insurance proceeds are tax-free, large policies may have estate tax implications.

    • Updating the beneficiary’s own estate plan to properly include the new wealth.

    • Exploring charitable giving strategies to honor the deceased’s legacy.

Father and Son

Beneficiary Wealth Management is a DBA of Unity Financial Planning Group LLC (“UFPG”), a state registered investment adviser. UFPG may only transact business in those jurisdictions in which it is registered or qualifies for an exemption or exclusion from registration requirements. UFPG’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of UFPG’s web site on the Internet should not be construed by any consumer and/or prospective client as UFPG’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by UFPG with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of UFPG , visit https://brokercheck.finra.org  

​

This website and information are provided for guidance and information purposes only.  Investments involve risk and unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy.  This website and information are not intended to provide investment, tax, or legal advice.

bottom of page