A life insurance beneficiary can be a person, entity or organization you choose to receive the death benefit from your life insurance policy after you pass away. Once your beneficiary receives the ...

Life insurance provides financial protection by offering a payout to loved ones after your death, helping cover expenses, replace income, and secure their future.

Learn the ins and outs of collateral assignment in life insurance policies, how it secures loans, and what it means for your beneficiaries.

One key question about financial planning often is overlooked by most clients: To whom will you transfer your acquired income and assets at the end of your life? I know, it’s not the most comfortable ...

Life insurance works by providing a financial safety net for your loved ones if you died and were no longer able to provide for them. But before you can decide what type of cover, and how much of it ...

Gibson, Contributing Columnist Some of the biggest mistakes people make concern beneficiary designations. Either someone forgets to name a beneficiary on an account or forgets to update a beneficiary ...

Life insurance pays a death benefit to your beneficiaries when you die. AD&D insurance pays a lump sum if you suffer an injury or die due to a cause specified in your policy, such as a loss of a limb ...

Most term life policies don’t pay out — and that’s a good thing. Here’s what to consider as your coverage ends and whether it ...

A beneficiary is the person you choose to receive your life insurance death benefit after you die. You can choose multiple beneficiaries and designate a certain percentage of the death benefit for ...

Estate planning is crucial to leaving your beneficiaries with your possessions as you intend. However, life insurance beneficiaries can conflict with the terms in your will if you aren't thorough.

A life insurance beneficiary is someone who is legally designated to receive the death benefit of the insurer. When the policyholder dies, beneficiaries receive a sum of money as long as several ...