Monday, August 4, 2008

BENEFICIARY

So the one of the things I like about work with the Corps is that you have an unusual amount of paperwork that you have to fill out and complete before you start work and also when you arrive and then the madness just seems to continue.

One of the items I have had to fill out is by beneficiary form. As I thought about this and about who to place on this form it was a difficult decision. So I have filled out my form and this is what will happen.

1. When I die you will receive notice from the Corps that you have been assigned as my beneficiary. You will receive the following:

  1. You will receive 4 times my base salary, which right know is $240,000.00.
  2. You will receive my money in my 401K which currently is $140,000.00 Lets hope that the market recovers and I don't lose to much more of this.
  3. If I die while on the job you will also receive an additional $120,000.00

It is pretty sad that I am worth more dead than alive. Oh well. I only ask that you do the following in case of my demise.

  1. Pay for my funeral etc.
  2. Remember that I chose you! Use the money wisely and remember that I loved you and if I had a child I would be proud if they grew up to be just like you. Your parents did well in teaching you and in raising you!
  3. I have a small plastic tote that is in my house as well as a similar one at work with copies of all the important documents. They say here in case of Hurricanes to have the documents in an easy accessible place. Any way there is a letter that is addressed to you my Beneficiary and in it I explain why I chose you.

4 comments:

Michelle said...

Good luck with the storm! Just hold on tight!

Unknown said...

Did it pass? Did you hold on?

Anonymous said...

We're all worth more dead than alive. That's why I sleep with one eye open.

Tibi

Anonymous said...

We're all worth more dead than alive... that's why I sleep with one eye open.

Tibi