How to Make Sure Your Beneficiaries Receive the Death Benefit of Your Life Insurance Policy

Selecting beneficiaries and life insurance is a big decision, but it is important to ensure that your beneficiaries will receive the death benefit in the event of your death. Follow the steps below to make sure that happens.

Instructions

Difficulty: Moderate

Things You’ll Need:

• Life-insurance policy
• Life-insurance agent or broker

1. Talk to your insurance agent or broker about your life-insurance policy.
2. Make sure you know about the restrictions on your policy and in what situations the policy would be void.
3. Tell your beneficiaries about your life-insurance policy and where it is stored.
4. Give your beneficiaries the contact information of the insurance company that holds your life-insurance policy.
5. Give your beneficiaries a copy of your life-insurance policy.
6. Leave a copy of your life-insurance policy with your will.

Tips & Warnings

• Make sure you tell several people where the policy information is stored.