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I am 54 years old and have terminal cancer. I have a wife, 47 years old and an 8 year old child. How do I divide my $1.2 million in pension and life insurance between them?

I am 54 years old and have terminal cancer. I have a wife, 47 years old and an 8 year old child. How do I divide my $1.2 million in pension and life insurance between them?
“In short, who should get the retirement accounts and who should get the life insurance?”

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