Home


Choosing Life Insurance Beneficiaries

Life insurance policies require that you name a beneficiary. Many people do not give the process much thought, simply naming a spouse and/or children and then putting the whole thing out of mind.

But choosing your beneficiary and keeping that choice up to date is important. Here are some of the things to consider:

One of the advantages of life insurance is that proceeds payable to a named beneficiary pass outside of probate. Naming your "estate" as beneficiary subjects the money to the probate process, which can be both lengthy and costly. Life insurance proceeds are paid immediately to named beneficiaries.

The wording of beneficiary designations is very important. An improperly named beneficiary can have drastic effects on how the insurance proceeds are distributed.

Learn more now, please click here.

 

Term Quote| Disability Quote|Mortgage Quote
Annuity Rates| Call Me Back| Site Map

 


Licensing and Copyrights

RubyGold Financial specializes in the Insurance, and Planning Services of: Life Insurance, Long Term Care Insurance, Family Planning, Term Life Insurance, Whole Life, Annuities, IRA, Retirement Planning, Smoker Life Insurance, Disability Income Insurance, High Risk Life Insurance, Mortgage Insurance, Indexed Annuities, Universal Life, Fixed Annuities, 412i, 401 (k), Business Planning, Indexed Life
©1999 - ©2008 RubyGold Financial LLC All Rights Reserved