The phrase "beneficiary choices" refers to the options or decisions you have when selecting who will receive certain benefits or advantages. Full definition
Typically, you'll want to review your beneficiary choices every three to five years or after major life events (such as a divorce, a death in the family or a child coming of age). (valuepenguin.com)
In it, we share various ways to think through your beneficiary choices and provide examples of how term life insurance policy designations work in a given scenario. (quotacy.com)
Review your beneficiary choices yearly to make sure they are current and to avoid unwanted outcomes or probate. (metlife.com)