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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Term life insurance
Term life insurance provides low-cost protection and peace of mind for a certain period of time. While permanent protection is an important part of an overall life insurance plan, term insurance can protect you by helping to cover temporary needs, such as helping to pay off your mortgage or other debt. This can be an affordable way to help make sure your dreams and goals are protected.Learn more