If you are buying life insurance you may be wondering who gets the proceeds from your insurance policy when you die.
It's an important question to consider.
The Beneficiary is the person or persons you choose to receive the death benefit from your life insurance.
You select a beneficiary when you purchase your life insurance. You may be able to change the beneficiaries after the life insurance policy is "In Force".
And, you may select more than one person to receive a portion of your death benefits from your insurance policy upon your passing.
Usually, the beneficiary is someone in your family, or a person you have a close relationship with; such as, a business partner, spouse, or relative.
Learn more about who gets the money from a life insurance policy.
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