Broker Check

Policy Review

Are you a beneficiary in a life insurance policy? Are you sure you're the only one or are there others?

Are you a beneficiary in a life insurance policy? Are you sure you're the only one or are there others?

Sometimes people aren't specific enough when naming a beneficiary. A beneficiary from a previous marriage may or may not have been changed by the insurance company. Even if someone requested a change with the company it is important to confirm that change is in place. So, are you still sure you are THE beneficiary?

So, you are a beneficiary in a life insurance policy. is that policy still active? When did you last confirm its value?

So, you are a beneficiary in a life insurance policy. is that policy still active? When did you last confirm its value?

Let's say the policy is valued at $1 million. It may not be the amount available to beneficiaries after the death of the insured person. Policy owners don't always relay their actions to a beneficiary, could you be in for a surprise?