On our Facebook page today, we posted about updating your beneficiaries on your life insurance policy. This is something that I am incredibly passionate about! If you haven't updated your beneficiaries, please be sure to do so now!
It takes less than 5 minutes to do and it will save your beneficiaries an incredible amount of time and hassle in the long run!
Only having six death claims so far in my career, I've already had a few death claims where the beneficiaries pre-deceased the insureds. Yes, it will go to your contingent (if you named one), but the contingent will need to provide both death certificates which not only costs more money, but can also slow down the process!
The situation can be even more difficult in the event of a separation or a divorce.
The following life events are key times to get give your agent a call:
Birth or adoption of a child
Marriage or Separation/Divorce
Death of a Loved One
Call us today to update your beneficiaries!