Florida Funeral Insurance

Who Can Be The Beneficiary?

When purchasing a Life Insurance policy it is important to consider your beneficiaries. A Beneficiary is a person who receives the proceeds of a Life Insurance policy when the insured passes. Though each insurance company has their own rules on who they will accept as a beneficiary, the state doesn’t put many restrictions on who you can name as a beneficiary.

Beneficiary Examples:
- Spouse
- Sibling
- Charities
- Trust
- Estate

In addition to your initial beneficiary you can choose more than one. You can have the proceeds split between multiple Primary Beneficiaries, like multiple children. You can also select a Secondary Beneficiary. Choosing a Second Beneficiary can be useful if the Primary Beneficiary has already passed. In such a case, the proceeds would pass on to the Secondary Beneficiary.

It is good practice to think about who you want to be the beneficiaries of your new policy.

Learn More:
FLFuneralInsurance.com

Florida Funeral Insurance Get A FREE Quote On Your AFFORDABLE Funeral Insurance Today! FLFuneralInsurance.com is a group of Insurance Brokers who specializes in helping clients find coverage that fits their needs and their budget. Click below to schedule your call.