Would life insurance be available for a $1.9B Powerball winner?
November 5, 2022 by John Hilton
Update: Saturday night’s drawing yielded no winners, so the new Powerball jackpot increases to $1.9 billion for Monday night.
There might not be enough life insurance available to cover a solo winner of the massive $1.5 billion Powerball jackpot.
The next drawing is slated for Saturday night, with $745.9 million available to a single winner who opts for the lump sum.
Big winners are these big jackpots should immediately put together a team of advisors, attorneys and even psychologists to aid with financial and mental planning, said Richard M. Weber, a 56-year veteran of the life insurance industry.