You have done the responsible thing, and purchased a life insurance policy. You have assured that there will be some financial assistance for your family after you pass away. The next step is to decide who you would like to name as the beneficiary. State Farm has some advice that can help you make that important decision. My husband and I have life insurance policies with State Farm. One of the nice things about State Farm is that they have a Learning Center on their website that can answer many of your insurance related questions. Under the “Life” section of … Continue reading →

When a person buys a life insurance policy, he or she is able to choose a beneficiary. That person will receive the death benefit after the insured person passes away. In some cases, people are changing their selection of beneficiary without letting their spouse know about it. This could lead to an unpleasant discovery, later on. Most people will choose their spouse as the beneficiary of their life insurance policy. It is also very common to select one of their children as the beneficiary, instead. This makes a certain amount of sense. A life insurance policy is designed to provide … Continue reading →