Consumer Alert: Life Insurance Beneficiaries
Don’t Let Death Benefits Go Unclaimed
Purchasing life insurance can be an effective way to take care of the needs of your loved ones after you have passed. Sometimes, people take that important step of purchasing life insurance, or enrolling in a group life insurance plan through their employer, but fail to communicate that fact with family members, estate administrators or beneficiaries. Problems also occur when the addresses of beneficiaries are not kept updated. This can leave death benefits unclaimed.