Why It Is Important To Inform Your Loved Ones Of Your Life Insurance Policy.

Hello All

Everyone has a life expectancy. Some people prepare for the end by getting life insurance. This is so that their loved ones will have something to live off of after they are gone. But sometimes when people take out life insurance policies they do not inform the beneficiary.

Due to someone not being notified of being the beneficiary of a life insurance policy, it will not be paid out. Every year millions of dollars are lost due to unclaimed life insurance policies. If the beneficiary does not claim the life insurance money, than the company will not notify them of its existence.

This is kind of shady but it happens every day, all the time. If you are planning to start a life insurance policy be sure to let the beneficiary know that you have done so. Let them know what company the life insurance is through.

By not letting someone know where the life insurance money is you risk them losing out on it. Every year this happens and lots of people are left out in the dark. Not only does your loved one die, but you are left without a penny to help with the funeral costs and what not.

When purchasing a life insurance policy be sure to make copies of everything. Copy the policy, and every single paper you can get a hold of. By doing this you can insure that the beneficiary has a complete set of documents pertaining to the life insurance policy. This way if there is any kind of problem with collecting the life insurance policy than the beneficiary will have copies of the policies so they can make the process of claiming a lot more easily.

Let the beneficiary know who the company is that you are insured through. By registering for free on FindYourPolicy.com it will guarantee your beneficiaries will locate the company name  if the paperwork that you have prepared were ever to be lost, misplaced or stolen.
Until next time,
Michael Hartmann http://www.findyourpolicy.com/

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