Who should i name as my benficiary?

  • Aug-23-2016
  • Richard Reich

Most people name their spouse (or partner) as the primary beneficiary and their children as secondary (or contingent) beneficiaries. Secondary beneficiaries receive the death benefit if the primary is no longer alive. You can name any person (or entity) that has an insurable interest in you (meaning they would suffer a financial loss if you were to die).

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