The Importance of Updating Beneficiaries and Salaries

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The Importance of Updating Beneficiaries and Salaries

Beneficiary Designation It is essential to ensure that life insurance beneficiary designations are kept up to date under your group benefits plan.  Life events such as marriage, divorce, separation, or the birth of a child are common reasons to review and update this information.  Failing to do so could result in the benefits being paid […]

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The Importance of Naming a Beneficiary

When an employee enrolls in an employee group benefits plan it is important that they name a beneficiary to receive the proceeds of any life insurance benefits upon their death. Why should I name a beneficiary? By indicating a named beneficiary the employee protects their benefactor from receiving a reduced benefit due to estate taxes […]

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