Category: 
February 5, 2008
Do you understand how your life insurance proceeds will be distributed at your death? Do you have a written, legal Will? The confusing part here is that we name a “beneficiary” in both documents, but does one have anything to do with the other?
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WillsSome people have Wills, others do not and still other people feel they just don’t need one. Why You Just Might Need A Will
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Life Insurance Beneficiary
The “beneficiary” designation in your life insurance policy can very well be the most important part of the policy.
The “beneficiary” designation in your Will has no affect on the “beneficiary” designation in your life insurance policy, unless you have named your beneficiary as “Estate”.
No, a Will does not change a beneficiary designation in a life insurance policy.
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