Tag: widower
![Young casual woman sitting working on laptop with business data](https://crr.bc.edu/wp-content/uploads/2022/12/Young-casual-woman-sitting-working-on-laptop-1536x1024.jpeg)
Resourceful retirees usually weather the financial surprises that come their way. But a handful of unexpected health events can really hurt. The death of a spouse is at the top of the list. Net worth drops by more than $30,000 over a couple of years as retirees pay for the extraordinary medical and other expenses…
![Magnifying glass over the words 'life insurance'](https://crr.bc.edu/wp-content/uploads/2019/08/Feature_magnifying-glass.jpg)
Angela Mahany was completely in the dark about how complicated her late husband’s finances had become. Dick Mahany, in a loving effort years ago to make sure she would be set financially when he died, had borrowed money from a whole life insurance policy that had built up a cash balance to buy a term…