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Life Insurance Beneficiaries - Guide to Beneficiary Policy Coverage Wasilla AK

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. Micah Vincent Shilanski (RFC®), CFP, CSA
(907) 278-1351
431 W. 7th Avenue Suite 100
Anchorage, AK
Company
Shilanski & Associates, Inc.
Qualifications
Years of Experience: 9
Membership
IARFC
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, CommOptions, Collectable Coins , Precious Metals, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Education Plan, Healthcare Accounts, BuySell

Data Provided by:
Conrad Houston Insurance
(907) 276-7667
507 W Northern Lights Blvd
Anchorage, AK
 
Benefits Inc
(907) 276-7100
3212 Greenland DR
Anchorage, AK
 
Banyan, Rock & Talent
(919) 782-0033
3356 Six Forks Road
Raleigh, AK
 
Primerica Financial Services
(907) 562-4845
2900 Boniface Pkwy
Anchorage, AK
 
Jackson Todd
(907) 345-0214
1330 Huffman Rd
Anchorage, AK
 
Plooy Tom
(907) 333-6575
2900 Boniface Pkwy
Anchorage, AK
 
Alaskan Benefit Insurance Consultants
(907) 243-1488
4225 Trapline DR
Anchorage, AK
 
Dorsey Arthur N CLU
(907) 522-1231
9191 Old Seward Hwy
Anchorage, AK
 
Cork Rhonda
(907) 357-8614
1451 E Parks Hwy
Wasilla, AK
 
Data Provided by:

Life Insurance Beneficiaries - Guide to Beneficiary Policy Coverage

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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).

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