Where is the death benefit of your #lifeinsurance policy going? #insurance #retirement #legacy

As introduced in Why Automation is Bad for Insurance: https://www.advocateinsurers.com/post/why-automation-is-bad-for-insurance. Understanding beneficiary designation is so very important. Many policies and accounts have beneficiary designations. The designee is the important part.

We can imagine if two people are divorced, maybe it was lifestyle or addiction issues. What if those issues that led to the divorce have not resolved and tragedy happens? The child/children the two shared are entitled to the life insurance death benefits but legally have to pass to those responsible for the children. And, in this case it is the divorced parent.

Maybe, it is as simple as two individuals divorce and an update is only needed. Whatever the scenario having a proper review with your professional is imperative. Disclosure of facts during these reviews help to build the proper perspective for each case.

If you do not have a professional, we are happy to assist and committed to the client.