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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