You rcv a 500k advance on your life ins. for terminal illness - do you gamble ANY ?

Life Insurance policies usually have an "accelerated death benefit" built into the policy. It's a rider that is typically free and just built in. Most carriers will pay out up to 50% of the death benefit - WHILE YOU ARE LIVING - if you provide evidence (statement from your doctor) of terminal illness with 6 months or less to live. And so...

What if you had a 1 mil policy, are eligible for 500k and let's say.. you have 6 months to live. You rcv the 500k check, your health is good enough to travel or do what you want. Do you gamble any of it? You ain't gonna be around to enjoy any profits. in this hypothetical scenario, the existing policy is juuuust enough to take care of the family. Pay off the mortgage and ensure college is paid for. How many of you go on a bender? Doing what? High stakes?

Personally I have always wanted to play thru 10 grand at video poker $25 denom. I don't see any reason to gamble any more than that though. What about you ? 500k in your hands with 6 mos to go before lights out...

If it is just enough to take care of the family and shit then hell no I'm not gambling any of it. I might spend a small amount of it doing some bucket list kind of shit, but possibly losing it gambling? That'd be a tough way to go out, knowing you just selfishly blew a large chunk of the money that is there to take care of your loved ones. WTF man?

Black

If I have 6 months to live the last thing I'm concerning myself with is gambling...

If the $500k will cover what ia left on the house then I use it for that...whatever is left is play money....gambling...trips...steaks...etc. .the $500k in annuity is more than enough if whoever is left has no mortgage, a job, ss, etc.

But if I had a kid in high school I might also buy them a nice car...maybe just buy myself one....they will get it in 6 months