Don’t Forget The Beneficiary of Your Life Insurance Policy

Don’t Forget The Beneficiary of Your Life Insurance Policy

LD News:  “A frequently overlooked aspect of estate planning is giving full consideration to beneficiary designations on life-insurance policies you possess.

It is important to keep in mind that if you prepare a will, the will does not usually control the distribution of your life-insurance proceeds. Therefore, when you are making or revising your will, equal attention should be given to your life-insurance beneficiary designations.

Frequently, an individual will change his will but entirely overlook his life-insurance beneficiary designations. This problem is made worse by the fact that life-insurance proceeds occasionally have a greater value than the estate assets that are being distributed by the person’s will.”

By | 2017-10-07T11:14:46+00:00 April 9th, 2012|

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