Life Insurance Portal Explains What Is Beneficiary

Published on June 2016 | Categories: Types, Business/Law, Press Releases | Downloads: 25 | Comments: 0 | Views: 228
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The definitive answer to the question, "What is Beneficiary?" is simply the person or entity named to receive the proceeds from one's life insurance upon his/her death. However, there are certain factors that must be considered when names beneficiaries.

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Life Insurance Portal Explains What Is Beneficiary Mendham, NJ, 25-February-2012 - Life Insurance SA is pleased to announce that th ey have published a page on their website the clearly answers the question, "Wha t is beneficiary?". While the short answer to this question is the person or per sons named on a policy to receive the benefit upon the death of the insured, the re are several factors that should be considered when one names his/her benefici ary. The page also explains the facts of what happens when the named beneficiary is a minor. For instance, if one is divorced and has one child whom he/she names ben eficiary on his/her life insurance policy the ex spouse will be legally entitled to take the money and administer in for the child. However, there are ways to a void such a scenario by having a clear understanding of what is beneficiary and laws concerning minors. For more information about beneficiaries and the best ways to choose them, inter ested South Africans are encouraged to visit http://www.lifeinsurance-southafric a.co.za/what-is-a-beneficiary.html. They may also obtain more information about the types and amounts of life insurance cover available to them and a no obligat ion quote by visiting http://www.lifeinsurance-southafrica.co.za/. Members of th e press and/or other interested parties may obtain additional information about this website and/or the content of this press release by contacting the followin g: Susan Smith Public Relations Justin Harrison Marketing PO Box 311 Mendham, NJ, USA 07945 Phone: + 00 1 973 531 4982 Fax: + 00 1 973 543 5683 Email: [email protected]

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