For each life insurance benefit on your life dedicated to paying off a loan, you should record The location of the original insurance policyĬredit cards and lending institutions may offer life insurance to pay off your outstanding loans in the event of your death.The type of policy that has a death benefit as part of its features.For each such program, you should record the following information: This might include pensions, annuities, workers compensation programs, disability insurance, travel accident insurance, etc. Sometimes financial programs that are mainly designed for income or other purposes have death benefits as additional features. The certificate number (comparable to the policy number under an individual policy).The office or person to contact when it’s time to file a claim.The name of the employer or group that sponsors the insurance.For each of these life insurance benefits, you should record the following information: And you might be eligible to buy life insurance under a group policy from your union or trade association or other group you belong to (such as a college alumni association or an automobile club). Your employer also might offer you the chance to buy additional life insurance under a group policy. You might have life insurance automatically from your employer. The location of the original life insurance policy.The type of policy (e.g., term, whole life, etc.).The name and address of the agent/broker who sold you the policy.headquarters of the group, if the issuing company belongs to a group of companies The city and state of the home office of the company that issued the policy.
The full name of the life insurance company that issued the policy.This is to make it less likely that you’ll lose them (to fire, flood, accidental discarding, etc.) and more likely that, after your death, your beneficiaries will find them.įor each individual life insurance policy on your life, you should record the following information: To prevent this, you should have copies of your life insurance records in at least two places. The last thing you want to happen after you die is for your beneficiaries to be unable to locate and submit a claim on your life insurance.
0 kommentar(er)
