Sentences with phrase «designation on your life insurance policy»

Maintain up - to - date beneficiary designations on your life insurance policies, pension plans and RRSPs.

Not exact matches

Here is a blog detailing out beneficiary designations: Designating Beneficiaries on Your Life Insurance Policy.

Mistake # 7: Forgetting to update beneficiary designations on retirement accounts, life insurance policies, and annuities

individual who receives the benefit from an estate, trust, retirement account, life insurance policy, or account with a transfer on death (TOD) designation

This approach is analgous to life insurance because it operates in the same way as a beneficiary designation on a policy.

Anastasia became aware of the change to the designation and on November 20, 2013, obtained an Order requiring the insurance company to restore her as the sole beneficiary of Stephen's life insurance policy.

Yes, you can easily change the beneficiary on your life insurance at any time by contacting the insurer and letting them know, unless the policy has an irrevocable beneficiary designation, which is uncommon.

The commission compensates the agent or broker for the time spent advising you on how much and what type of life insurance to buy, for facilitating the application process, and for any further service that's needed in future years to keep the policy up - to - date (such as changing beneficiary designations, arranging policy loans or coordinating your financial plans with your lawyer and accountant).

You can do this anytime while your life insurance policy is in effect by contacting your insurance company or you can make the designation on your policy application.

Update beneficiary designations on all retirement accounts and life insurance policies.

Also, the division of other assets may involve your attorney preparing deeds or being involved to some degree in division of investment accounts or confirmation that proper death beneficiary designations on retirement plans and under life insurance policies is in place as required by the parties» settlement.

Your separation agreement should state that the beneficiary designation of your spouse's life insurance policy is irrevocable, so that it can't be changed later on without your knowledge.