Articles Editor's Blog Reader Mail

Life Insurance Beneficiaries - Guide to Beneficiary Policy Coverage Dover NH

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.

Mr. R Dean Ogelby (RFC®), LUTCF
(603) 827-3022
PO Box 420
Harrisville, NH
Company
Compass Financial Group
Qualifications
Education: A graduate of the Indiana University of Pennsylvania earning a Bachelors of Science (B.S.)degree in psychology
Years of Experience: 21
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Employee Benefits, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Asset Protection, Compensation Plans

Data Provided by:
Massachusetts Mutual Life Insurance Co
(603) 577-0300
436 Amherst St
Nashua, NH
 
Holt Agency the
(603) 673-1201
318 Nashua St
Milford, NH
 
Mr. Raymond R. Noel (RFC®), MBA
(603) 595-7526
409 Amherst Street
Nashua, NH
Company
Northeast Planning Associates, Inc.
Qualifications
Education: BS
Years of Experience: 11
Membership
IARFC
Services
Invoice, Estate Planning, Retirement Planning, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance

Data Provided by:
Bankers Life Insurance Co of New York
(603) 924-7789
15 Eastridge Dr
Peterborough, NH
 
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 ...

Click here to read the rest of this article from Insurance Guide 101

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap