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Form 485BPOS VARIABLE ANNUITY ACCOUNT
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Life insurance is built around beneficiaries who will receive the benefits of your life insurance payout when you pass away. However, from time to time, your named beneficiary cannot collect the payment. In that case, the policy passes on to your successor beneficiary. This is a substitute who can receive your insurance benefits instead, like […] The post Successor Beneficiary Rules appeared first on SmartReads by SmartAsset.
A beneficiary is a person or entity you designate to receive the benefits of a particular account or policy after your death. Designating, reviewing and updating beneficiaries are basic tasks of estate planning. Failing to name a beneficiary or naming the wrong beneficiary can create complications, add costs and increase the delay in settling your […] The post What Is a Beneficiary? appeared first on SmartReads by SmartAsset.
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