Sep 5, 2008
The abrupt changes in the financial picture can be among the most stressful issues for widows and widowers. For younger spouses, especially those with children, the sudden and long-term loss of income can be frightening. Others may feel a false sense of confidence from lump-sum payments of insurance or retirement plans and overspend. In fact, among widows, 25 percent go through their husband’s death benefit in two months, according to the Illinois Department of Financial & Professional Regulation.
