My wife’s ex-boyfriend (fiancé at one point too) died a few months ago. Guess who was the sole beneficiary on his life insurance policy?

1,231 points•53 comments•submitted by Cincymailman​ to r/personalfinance

State Farm, 50k. She’s meeting with her agent today to discuss payment.

It’s my understanding that State Farm deposits the funds into the “State Farm bank” and issues a sort-of set of starter checks that you can use at your regular bank for transactions.

Question: She has ~45k in student loans. We owe ~60k on our mortgage. If we intended to move in the next 3 or so years would it make more sense to pay down the mortgage or should she just pay off the student loans?

Edit: Thanks for the replies. I’d appreciate if one of the mods could go ahead and lock the thread, please.