<prompt> Human: My mom recently discovered that there was a fully paid-up whole life insurance policy on her. My late grandmother had taken it out years ago and paid the premiums. She had not told my mom about the policy because it was supposed to cover funeral expenses, and my moms first instinct would be to cash it out, and thats exactly what happened when the company called her about it a few weeks ago.x200B;So now she wants to cash it out and since Im listed as beneficiary, Im supposed to fill out some forms, get a check, cash it, and pass the money to her. What implications are there that I should be aware of?  <response>: Why would you do this? Sounds like its your money. At some point your mother will die and you will need money for a funeral, as your grandmother intended. 