Sentences with phrase «beneficiary designation scenarios»
The increasing prevalence of blended families can lead to complex beneficiary designation scenarios.
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A beneficiary designation form is really a decision tree, and is just not flexible enough to play out every scenario.
It's a common scenario for people to make beneficiary designations first and draft other estate - planning documents later, when their families have grown.
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.
These are just suggested wording of beneficiary designations for unique scenarios.
There are other beneficiary designations, such as charity, trust, and business as beneficiaries, but the above covers the common scenarios.
A beneficiary designation form is really a decision tree, and is just not flexible enough to play out every scenario.