ARE YOU AWARE IF YOU'RE A BENEFICIARY
As I read the articles below, I realize that being a beneficiary for a life insurance policy may be a scary thing. Life insurance beneficiaries could be spouses, business partners, children, non-profits or whomever the life insured decides.

DO YOU KNOW HOW TO COLLECT A LIFE INSURANCE BENEFITS?
If you are the beneficiary of a policy, are you informed as to the details and requirements of the policy to receive pay out? Are you aware of any reason that you wouldn't receive the benefits of a policy... Example, your spouse was involved in a dangerous sport that was not covered in the policy.

I get a sense that sometimes beneficiaries of a life insurance policy don't even know that they have been included. If your spouse is self employed or employed, there may be life insurance policies with credit cards, mortgage company, employers, business partnerships etc. Your spouse may not have shared all of these insurance policies with you because he forgot about them, or what ever other reason.

It may be good to have a discussion with those close to you as to who has life insurance policies and who are the beneficiaries of the life insurance policies.

Articles from October 2006
More articles from Year 2006

Comments (0)