How do I choose a beneficiary?
Designating a beneficiary is an important right of life insurance ownership. It lets you determine who receives your policy benefits. Under current tax law, life insurance benefits paid to a beneficiary are not taxable income. Life events, such as marriage, divorce, the birth of a child or death, can dramatically change how you want your life insurance benefit paid. It’s a good idea to check your life insurance beneficiaries regularly or whenever you have a life event.
