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| Top 5 Reasons for Buying Life Insurance |
1. Pay off Debt
2. Funeral expense
3. Replace income
4. Estate Preservation
5. Business Continuation
2. Funeral expense
3. Replace income
4. Estate Preservation
5. Business Continuation
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| Where are your assets going? Are your beneficiary designations up to date? On all of your property? Are you sure? |
A beneficiary omission may cause unnecessary probate costs and
serious delays in the distribution of your assets. If your beneficiary
designations are out-of-date, you may not be passing property according
to your current intentions. With a beneficiary review, we can help you
identify potential problems and suggest ways to solve them.
Best Intentions Are Not Enough
Most people have a good idea who they want to name as beneficiaries
but, often, beneficiary designations do not keep up with their intentions.
Marital changes and changes to family status may require a change to
your current beneficiary designations. If no contingent beneficiary is
named and the primary beneficiary predeceases you, then payments
would likely be made to your estate, creating unnecessary delays and
expenses.
Following is a hypothetical situation where a beneficiary review
could have helped:
It was a second marriage for both Jim and Mary. Jim had a son from a
previous marriage while Mary had two daughters. They knew it was
important to plan to dispose of their assets. In fact, they named each
other beneficiaries of their pension plans and bank accounts and
purchased their home as joint tenants. Unfortunately they never got
around to creating simple wills or designating contingent beneficiaries
and then the unthinkable happened: they were both killed in a head-on
car collision. Jim survived Mary by 10 days. Therefore, the house, and all
of their qualified assets, savings account and investments were
distributed to Jim’s son. Mary’s daughters were left with nothing.
With a beneficiary review, we can help identify potential problems
and suggest ways to solve them. Fill out the form on this page to
receive your "Complimentary" Beneficiary review from your local
Insurance Advisor, "The Insurance Suite."
serious delays in the distribution of your assets. If your beneficiary
designations are out-of-date, you may not be passing property according
to your current intentions. With a beneficiary review, we can help you
identify potential problems and suggest ways to solve them.
Best Intentions Are Not Enough
Most people have a good idea who they want to name as beneficiaries
but, often, beneficiary designations do not keep up with their intentions.
Marital changes and changes to family status may require a change to
your current beneficiary designations. If no contingent beneficiary is
named and the primary beneficiary predeceases you, then payments
would likely be made to your estate, creating unnecessary delays and
expenses.
Following is a hypothetical situation where a beneficiary review
could have helped:
It was a second marriage for both Jim and Mary. Jim had a son from a
previous marriage while Mary had two daughters. They knew it was
important to plan to dispose of their assets. In fact, they named each
other beneficiaries of their pension plans and bank accounts and
purchased their home as joint tenants. Unfortunately they never got
around to creating simple wills or designating contingent beneficiaries
and then the unthinkable happened: they were both killed in a head-on
car collision. Jim survived Mary by 10 days. Therefore, the house, and all
of their qualified assets, savings account and investments were
distributed to Jim’s son. Mary’s daughters were left with nothing.
With a beneficiary review, we can help identify potential problems
and suggest ways to solve them. Fill out the form on this page to
receive your "Complimentary" Beneficiary review from your local
Insurance Advisor, "The Insurance Suite."
| Contact Us Today For Your Complimentary Beneficiary Review |
| The Advisors Of "The Insurance Suite" Will Design A Plan To Meet Your Needs. |
| Are You Paying Too Much For Your Insurance Needs? Get a Free Comparison Quote From The Insurance Suite Today!!! |
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