Previously, we talked about common mistakes when naming beneficiaries for your life insurance policy. These mistakes included naming beneficiaries who are minors, incapacitated, receiving government benefits, spendthrifts, or high-risk.
Solutions to Common Life Insurance Mistakes
Common Life Insurance Mistakes
Life insurance is one of the largest assets in a person's estate, so who you designate as the beneficiary of the policy is a major decision (especially since this designation controls over what your will or trust say).
