Widowhood is the state of being a widow or widower: a person whose spouse has passed away. This is a situation that no one wants to be in, but it is something that can happen, and that you and your family should be prepared for financially. When this kind of painful, life altering event occurs, it's important to have the structure in place for you and your family to be protected, and this year on Financially Ever After Widowhood, Stacy Francis is going to be talking to a diverse lineup of experts, and individuals who have gone through it themselves, to give you the tools and information you need to be prepared.
Prior to this year's series on Widowhood, Financially Ever After covered topics related to divorce. We invite you to check out these fantastic episodes if they are relevant to you.
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Widowhood is the state of being a widow or widower: a person whose spouse has passed away. This is a situation that no one wants to be in, but it is something that can happen, and that you and your family should be prepared for financially. When this kind of painful, life altering event occurs, it's important to have the structure in place for you and your family to be protected, and this year on Financially Ever After Widowhood, Stacy Francis is going to be talking to a diverse lineup of experts, and individuals who have gone through it themselves, to give you the tools and information you need to be prepared.
Prior to this year's series on Widowhood, Financially Ever After covered topics related to divorce. We invite you to check out these fantastic episodes if they are relevant to you.
What Every Widow Needs to Know About Life Insurance with Avani Ramnani
Financially Ever After Widowhood
48 minutes
6 months ago
What Every Widow Needs to Know About Life Insurance with Avani Ramnani
Should you buy a life insurance policy for yourself, and if so, what type? And if you’ve received a life insurance payout, how do you use that money wisely without letting grief cloud your judgment?
In this episode of Financially Ever After Widowhood, Stacy Francis sits down with financial planner and longtime colleague Avani Ramnani to break down the most important financial decisions widows face around life insurance, income planning, and long-term security. Whether you're navigating your own life insurance needs, managing a recent payout, or trying to make your finances sustainable on a single income, this episode gives you the tools and knowledge to make informed decisions with confidence.
You'll hear them discuss:
How to decide whether you still need life insurance as a widow, and why having dependents (like young children or a disabled adult) plays a key role in that decision
What to do with a life insurance payout - including why doing nothing at first may be the wisest move until your emotions settle and clearer planning is possible
The difference between term and permanent life insurance, and why term insurance is usually the most affordable and effective option for most families
Why tracking your spending - at least for a year - is essential, and how to do it without getting overwhelmed or obsessing over minor purchases
How widows’ income often drops significantly after their spouse dies, even though expenses may stay the same, and what that means for sustainable financial planning
Why it's critical to prioritize your own long-term financial health before helping adult children or family members, and how to handle emotional pressure around money
The two options for handling a late spouse’s IRA or retirement account, and how to choose between rolling it into your own IRA or keeping it as an inherited IRA
Resources
Avani Ramnani on LinkedIn
Resources mentioned
Savvy Ladies - Free Financial Education and Helpline for Women
You Need a Budget
Stacy Francis on LinkedIn |vX(Twitter) | Email
FrancisFinancial.com
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Financially Ever After Widowhood
Widowhood is the state of being a widow or widower: a person whose spouse has passed away. This is a situation that no one wants to be in, but it is something that can happen, and that you and your family should be prepared for financially. When this kind of painful, life altering event occurs, it's important to have the structure in place for you and your family to be protected, and this year on Financially Ever After Widowhood, Stacy Francis is going to be talking to a diverse lineup of experts, and individuals who have gone through it themselves, to give you the tools and information you need to be prepared.
Prior to this year's series on Widowhood, Financially Ever After covered topics related to divorce. We invite you to check out these fantastic episodes if they are relevant to you.
