<prompt> Human: Im trying to help my aunt with financial advice. Her husband just passed and shell get 100K life insurance. She will not qualify for any of his pension, social security, etc. Shes only 59, not employed, and only qualifies for low paying jobs. Taking his social security at age 60 will not be enough to pay the bills and will be reduced with the additional income shell need anyway. Its obvious that shell have to start working, but it will not be enough to pay the mortgage bills. They just purchased a house on a VA loan with no money down, so theres no equity in the house. Monthly bills will run between 2600-3000 per month. It looks like shell have to work 40 hours, along with supplementing her income by withdrawing from the life insurance money. She wants to stay in the house as long as she can, and then deal with renting a cheaper place when she has to. They waited all their life to buy a house, and she wants to do what she can to stay. Besides, shed probably lose money by trying to sell it right now anyway since they only bought it 6 months ago. What do we do with the life insurance money when it arrives this week? It looks like shell could have to withdraw 20K-25K per year depending on how much shell be able to earn with a job. Someone is trying to convince her to buy an annuity, but that doesnt seem like the right choice to me since she needs so much of it right away. Would CDs be a reasonable place to put the majority of the money? Or a money market account where we have it automatically transfer 2000 per month to help her budget? She figures shell use the money until it runs out, and then start receiving his social security, since she knows shell receive more if she waits longer. Any advice on this situation?  <response>: Just remembered OP, check and see if there was a life insurance policy attached to the mortgage there is a name for it but I forgot that pays the mortgage offin the event of a death. Also check every single bank account that your uncle had even regular checking account. Many have a small 5-10k life insurance that the bank pays the premium on. 