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Life Insurance Beneficiaries - Guide to Beneficiary Policy Coverage Clovis NM

While you should review your life insurance beneficiary designation frequently, it is also helpful to designate a second beneficiary. In this case, if your wife was the beneficiary and you died just before she died, as a result of a car accident for instance, there would be no one to receive the funds from your life insurance policy.

Ron Siemon
8300 Carmel Ave NE
Albuquerque, NM
Company
Title: Investment Consultant
Company: LPL Financial
Type
Investment Advisor Rep: Yes
Service
Income for Life/ Preserve Principal,Life Insurance,Long-Term Health Care Planning,Retirement Income Accumulation Planning,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Investment & Portfolio Management,Annuity Ideas & Strategy Planning,401k Rollover From Employer,CD Alternative,Annuities,Investment Consulting & Allocation Design,Asset Protection Strategies & Planning

Data Provided by:
Max Leach (RFC®), CLU, RFP
(505) 344-2255
10308 Candelaria NE #345
Albuquerque, NM
Qualifications
Education: BS
Years of Experience: 16
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Family Offices, Stocks and Bonds, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Charitable Planning, BuySell, LiabCover, Compensation Plans

Data Provided by:
Ron Pino Agency
(505) 877-1391
3211 Coors Blvd SW Ste 12
Albuquerque, NM
 
American Income Life Insurance Agency
(505) 232-0062
6301 Indian School RD NE
Albuquerque, NM
 
Hardmon Insurance Group
(505) 205-1071
4801 Lang NE
Albuquerque, NM
 
Mrs. Natalie Voskresensky (RFC®), MBA
(505) 858-2443
2 Juniper Hill Rd NE
Albuquerque, NM
Company
PLAN RIGHT, LLC
Qualifications
Education: MBA, Accounting Concentration
Years of Experience: 13
Membership
IARFC
Services
Invoice, Business Planning, personal Coach, Retirement Planning, Tax Returns, Employee Benefits, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Group Insurance, Auto Home Insurance, Asset Protection, LiabCover

Data Provided by:
Mr. Gerard W. De Long (RFC®), CSA
(505) 521-4434
1801 Pinehurst
Las Cruces, NM
Company
Las Cruces Investment Center
Qualifications
Education: BS - Aerospace Engineering, MS - Aerospace Engineering
Years of Experience: 38
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
The Medina Agency
(505) 899-5500
8201 Golf Course NW C4A
Albuquerque, NM
 
JB Martin Insurance Agency
(505) 888-8846
2800 San Mateo Blvd NE Suite 109
Albuquerque, NM
 
Terry Cosper Insurance Agency
(505) 898-5556
10131 Coors Blvd NW Ste E-4
Albuquerque, NM
 
Data Provided by:

Life Insurance Beneficiaries - Guide to Beneficiary Policy Coverage

Provided By: 

Beneficiaries

For the sake of your loved ones it's usually better to name a beneficiary on your life insurance policy. If the proceeds of your life insurance go to your estate and get tied up in probate, it could be months before your family is paid the death benefit - and a lot can have happened in that time.

Pay careful attention to how you designate the beneficiary of your life insurance policy. If you want your wife or husband to get the proceeds of your life insurance, you should not just say "wife" you should say the name. Why? If you have a previous wife that person could receive the life insurance benefit's.

If you pick a beneficiary, for your life insurance policy, ensure you keep it up to date. For instance, if your children are named on your life insurance policy, be sure to update it as children are born or adopted into the family (What a disaster if someone is missed!).

While you should review your life insurance beneficiary designation frequently, it is also helpful to designate a second beneficiary. In this case, if your wife was the beneficiary and you died just before she died, as a result of a car accident for instance, there would be no one to receive the funds from your life insurance policy. You guessed it - the estate gets tied up in probate court and you are lucky if your kids inherit a small portion of the original amount of the life insurance (after Lawyer's fees etc. have eaten-it-up).

For more information regarding life insurance ...

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