Leaving something behind for your family when you pass away is something we all want to do to protect the financial futures of those that matter most. For this reason, your beneficiary is one of the most critical factors of your life insurance plan.
But how should you go about choosing your beneficiary? As simple as the decision seems to be, it actually can be more complicated than it sounds.
The process of naming a beneficiary requires a lot of consideration, and often there are some important aspects of choosing a recipient that people don't realize. Life and other circumstances can get in the way of making a decision, so we've gathered some helpful tips to make the process easier for you. (more…)