Articles Editor's Blog Reader Mail

Life Insurance Beneficiaries - Guide to Beneficiary Policy Coverage Jacksonville NC

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. Richard L. Pugh (RFC®), CFP, MBA
(910) 455-6400
824 Gum Branch Rd., Suite I
Jacksonville, NC
Company
Pugh & Associates Inc.
Qualifications
Education: MA Business Administration
Years of Experience: 16
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Asset Protection, BuySell, Compensation Plans

Data Provided by:
George H. Bode (RFC®), CEP, CFA
(919) 846-2633
8202 Lloyd Allyns Way
Raleigh, NC
Company
George H. Bode & Associates, LLC
Qualifications
Education: BA
Years of Experience: 29
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, BuySell, Compensation Plans

Data Provided by:
Daniel T. Cooper (RFC®), CSA, LUTCF
(910) 790-7990
4024 Oleander Dr Ste 1A
Wilmington, NC
Company
BluePrint Retirement Advisory Group
Qualifications
Years of Experience: 19
Membership
IARFC
Services
Invoice, Estate Planning, Retirement Planning, Seminars Work, Annuities, Life Insurance, Long Term Care Insurance, Compensation Plans

Data Provided by:
Stephen Chappell
106 North Water St
Wilmington, NC
Company
Title: Financial Advisor
Company: Raymond James Financial Advisor
Type
Registered Investor: Yes
Education
MSFS,CFS
East Carolina University
School of Financial Planning
Years Experience
Years Experience: 20
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Retirement Planning,Investment Consulting & Allocation Design,Retirement Income Distribution Planning,Hourly Financial Planning Engagements,Fee Only Portfolio Management,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Annuities,Long-Term Health Care Planning,Insurance & Risk Management Planning,Asset Protection Strategies & Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Life Insurance,In

Data Provided by:
Rondol L. Davidson (RFC®), CLU
(336) 299-2986
620 Green Valley Road Suite 204
Greensboro, NC
Company
Jefferson Pilot Financial
Qualifications
Education: BAS
Years of Experience: 27
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Retirement Planning, Seminars Work, Mutual Funds, Annuities, Life Insurance, Education Plan, Asset Protection

Data Provided by:
Mr. Ira Starr (RFC®), LUTCF
(828) 628-3461
56 Whitaker Circle
Fairview, NC
Company
Starr and Associates
Qualifications
Education: BS
Years of Experience: 26
Membership
IARFC
Services
Invoice, Estate Planning, Pension Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, BuySell, Compensation Plans

Data Provided by:
Mr. Allen Douglas Ray (RFC®), MBA
(704) 248-8549
3440 Toringoon Way, Ste. 205
Charlotte, NC
Qualifications
Education: MBA
Years of Experience: 23
Membership
IARFC, MDRT
Services
Invoice, Estate Planning, Retirement Planning, Seminars Work, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Compensation Plans

Data Provided by:
Joe Boone
942 W. 4th Street 202
Winston Salem, NC
Years Experience
Years Experience: 8
Service
Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Annuities,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Life Insurance,Alternative Asset Class Planning,Commission-Only Financial Planning (Full Disclosure),Estate Tax Planning,Asset Protection Strategies & Planning,Wealth Engineering,401k Rollover From Employer,Income for Life/ Preserve Pri

Data Provided by:
Mr. William A. Harmon (RFC®), CFP, RFP
(919) 968-1177
2210 Holly Circle
Chapel Hill, NC
Company
Vita Planning
Qualifications
Years of Experience: 28
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Tax Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Charitable Planning, Education Plan, Compensation Plans

Data Provided by:
Mr. Gregory A. Eaddy (RFC®), MBA
(704) 465-9310
8334 Pineville Matthews Rd
Charlotte, NC
Company
Questar Capital
Qualifications
Education: MBA from University of South Carolina. Bachelors Degree from UNC-Greensboro
Years of Experience: 9
Membership
IARFC
Services
Invoice, Estate Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Education Plan, Healthcare Accounts, Asset Protection, BuySell, Compensation Plans

Data Provided by:
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