I guess that is one of the problems of getting older in Mexico. I have had the policy since before I was 60 and now instead of $2,600 pesos a year it goes up to almost $13,000. Banorte/GNP. Anyone with suggestions for others? A problem I have had in the past is that not all of them will permit me to have a beneficiary who is not a family member and I have virtually no family and only friends, business partners and charitable concerns as beneficiaries. Several say only family can be beneficiary. Suggestions on alternatives appreciated.
Jim - You could create a trust and then specify it as a beneficiary. And the trust could send the money where you want it to go. It might be expensive to set up, but it might also have tax advantages. (I WISH my lawyer had not talked me out of going to law school...)
