47-year-old father asks son to cosign $500k loan, but refuses son's demands to make him sole beneficiary on father's insurance policy in return: [He] called me a greedy brat’

Author image for Lana DeGaetano
Lana DeGaetano • "Show me to me please."
May 6, 2025 8:00 AM EDT

They usually say "Mo money, mo' problems," but what about a lack of money? Or, a bunch of money that isn't really yours? Mixing money and family, the same way one would mix business and pleasure, is a mistake. Trusting a loved one with your finances solely because you share the same DNA is a mistake most of us make in this lifetime, but stories like the one you're about to read serve as cautionary tales. Cosigning a loan is a business deal. You don't do that out of the kindness in your heart unless you want your pockets empty and your family torn apart. That's why the "I scratch your back, you scratch mine" model works perfectly—everyone is happy and has insurance that everything will eventually work itself out.

An entitled father in this next story expects his son to cosign a half-million-dollar loan because he is not in the financial position to get it approved on his own. So, his son insists he is made the sole beneficiary on his father's life insurance instead of his stepmother because there's no guarantee she'll help the loan get paid back in the event that he passes. Papa wasn't stoked about that stipulation… he must not need that loan, after all. Scroll below to read the full story.

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  • At the end of the day, the father won't see his life insurance money if he does pass… but it's safe to assume that his wife would be exceptionally upset if she was no longer considered the sole beneficiary. The son, though, only asks that a clause be put into his life insurance policy stating that only what needs to be paid back will be taken from the policy—it seems like his father is not confident he will be able to get back that half-million with interest.

  • LIFE INSURANCE Ge Chumer of Comp Chey PanCh for S Pa Ch
    via Curated Lifestyle For Unsplash+

    The image does not depict the actual subjects of the story. Subjects are models.

  • "AITA for asking to be named the sole beneficiary in my dad’s insurance policy?"

    A few weeks ago my dad came to me and asked me to co sign a loan for him. Goes without saying it's pretty huge sum and I'm even surprised that the bank agreed to
    via NoCryptographer2220
  • give out such a large loan given his age (47M). I didn't think much of it and I went to the bank yesterday to sign it with him and it was then that I learned that in
    via NoCryptographer2220
  • the case that my dad is unable to pay back the loan or god for it something happens to him, I would be responsible for paying it back (yes I have no idea about
    via NoCryptographer2220
  • financial terms) which would take years and would mean that I'd have to downsize by a lot. After learning that new information I told my dad that I had idea what I
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  • meant to co sign and if he could give me a day to figure it out. He was visibly irritated but said nothing and reassured me that he would pay it back just need someone to co-sign.
    via NoCryptographer2220
  • So i don't have any doubts about his ability to pay it back because he is a very successful man who has a stable job but he is the risk taking type and I don't mean
    via NoCryptographer2220
  • investment risks. He's a literal adrenaline j kie and does many dangerous things on a monthly basis. Because of this I called my dad and asked him to make the sole beneficiary of his insurance
    via NoCryptographer2220
  • policy or to at least add a clause that states that his insurance payout will be divided once the loan has been deducted from his assets in the case of his d th.
    via NoCryptographer2220
  • The reason I want this to change is because his current beneficiary is step mum and I do not trust her with this at all. She's never shown any signs of ill intent but I just
    via NoCryptographer2220
  • don't trust her because to her, her family comes first and the fact that her and us are not family is one of the few boundaries
    via NoCryptographer2220
  • we've set up much earlier on which has worked out great so far. I didn't say that was the reason I want it changed is cuz if that to my dad tho.
    via NoCryptographer2220
  • CONTRACT
    via Getty Images For Unsplash+

    The image does not depict the actual subjects of the story. Subjects are models.

  • My dad got pretty mad after hearing this and called me a greedy brat for wanting him gone and to take everything for myself. explained that adding clause would only mean that whatever is
    via NoCryptographer2220
  • left to repay of the loan and that he could give the rest anyone. He hung up after that and my aunt (who's always been the most responsible one in the family)
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  • called me and said that it's "d k move" to ask to be the sole beneficiary and that I should see how it makes me look. I explained to her that I have him the option
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  • to add the said clause and she still took my dad's side saying that's not something family does and that my dad has done so much for me to say to just co- signing a simple loan.
    via NoCryptographer2220
  • My aunt has always been pretty impartial so I don't think that she's taking sides just because he's her brother but I genuinely don't see how this is an unreasonable request. So AITA?
    via NoCryptographer2220
  • Savings-Breath-9118 NTA but Your dad is an out and out liar. If he's that successful, he wouldn't need 47,000 lone to be cosigned. He would have collateral to put it up
    via Savings-Breath-9118
  • NoCryptographer2220 The loan is half a mil. My dad is 47 years old
    via NoCryptographer2220
  • TassieBorn NTA But consider this: the bank wants a co-signer because they aren't confident your dad will pay back the loan. If they aren't confident, why should you be? Never co-sign for a loan you aren't willing and able to pay back by yourself.
    via TassieBorn

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family dynamics family drama inheritance aita insurance entitled parents blended family money problems reddit story family feud parenting loan family reddit thread Reddit money Parenting Fail
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