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What is a beneficiary?
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What is a beneficiary?

What is a beneficiary?

A beneficiary is a person or trust designated as the recipient of the policy proceeds after the death of the insured. The beneficiary submits a claim to the life insurance company for the policy proceeds. You, as the policy owner, can decide who to designate as your beneficiary (or beneficiaries).

Related Questions
Which term length is right for
me?
It can depend on several factors, including your children’s age, your proximity to retirement, and your mortgage.
What are the benefits of a guaranteed issue whole life insurance
policy?
No medical exams, level premiums, policy builds cash value, and guaranteed approval.
Can I choose more than one
beneficiary?
Yes. You are able to choose multiple beneficiaries.
Do I need life
insurance?
If you’re married, have children or dependents, own a home, or own a business—you probably do.
Is Guaranteed Issue Whole Life right for
me?
This policy option is best for people over the age of 65 years old.
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