Doing so opens the door for legal challenges that could result in your beneficiary or beneficiaries incurring legal fees that significantly reduce the amount they receive in life insurance death benefit proceeds. (insuranceandestates.com)
It also handles the distribution of life insurance death benefits if the beneficiary is dead or the policyholder has not named a beneficiary. (insuranceopedia.com)
Are you scared to death, let's understand what kinds of death are covered, not covered and exclusions for term insurance death benefit pay - out. (coverfox.com)