You Can Be the Beneficiary of Your Life Insurance Policy
Typically, a life insurance policy financially protects your family…not YOU. But now, YOU CAN be the beneficiary of your life insurance policy, while you’re still alive. Sounds too good to be true? The answer might surprise you. Let’s face it. The topic of life insurance tends not to generate a great deal of enthusiasm with…
Split Couples Might Need a Life Insurance Beneficiary Reboot
Getting through a divorce is never easy. When a couple finally calls it quits, one of the assets that sometimes get lost in the shuffle is the family’s life insurance policy. Are you considering changing your life insurance beneficiary? As this blog points out, failing to answer that question can occasionally have tragic consequences. Let’s…
What Is a Contingent Life Insurance Beneficiary?
Contingent Beneficiary Simply stated, a contingent beneficiary is someone you name that will receive the policy’s death benefit should your primary beneficiary die first. For instance, if Jane Doe (my Wife) should die first, the benefits should be paid to my son, James Smith and my daughter Jane Smith in equal shares. Is having a…