Do you know who your beneficiaries are? If you’re not sure of the answer, it’s definitely time for a beneficiary review. Making sure you know who your designated beneficiaries are is an important part of the estate planning process.
But when is a good time for that review? It’s always a good idea to review your beneficiary designations after a major life event, such as marriage, divorce, birth or adoption of a child.
Regular reviews are also a wise decision simply because you may have changed your mind since first naming your beneficiaries.
It only takes a few moments to ensure your designations match your current wishes. Questions? Contact a Modern Woodmen representative for more information.
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Universal life insurance
Universal life insurance is a kind of permanent life insurance coverage that provides flexible protection and cash accumulation that you can adjust as your needs change.