Sentences with phrase «beneficiary knows about the policy»

Also be sure to let any beneficiaries know about the policy so that they're aware of it if you die while it's in effect.

Not exact matches

If your beneficiaries don't know about the policy, they won't know to claim the death benefit you've been paying for all this time, and having easy access to the policy will help them claim the payout as soon as possible.

This will insure that you don't miss a bill from the company and let your policy lapse, and also that your beneficiaries can potentially find mail from the insurance company and discover your policy in case they didn't know about it.

If you were listed as a beneficiary on a life policy and didn't know about it you definitely want to find out.

If your beneficiaries don't know about the policy, they won't know to claim the death benefit you've been paying for all this time, and having easy access to the policy will help them claim the payout as soon as possible.

Visit our learning center for everything you need to know about finding a policy that's right for you (and your sound - minded beneficiaries).

What's happened is people have gone out, they've gotten life insurance policies, but, their beneficiaries never knew about it.

The New York Times published an article about tracking down life insurance policies that somehow got lost in the shuffle during the insured's life, so that the beneficiaries didn't know where to find them or were even unaware of their existence.

Whoever you choose as your beneficiary, it is important they know about the policy and where to find the proper paperwork in case they need to file a claim.

Now that we know a bit more about what a beneficiary is, let's look at the three categories of beneficiaries you'll need to consider for your policy.

There are important things you need to know about the impact of borrowing against the cash value of your life insurance policy in order to avoid jeopardizing the welfare of your beneficiaries.