Life Insurance Website Clarifies What Is Beneficiary
Life insurance is a valuable cover to provide for those left behind when a person dies. However, not all understand the details of what isbeneficiary and how their choice of one can impact how the funds are handled after they are gone.
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Life Insurance Website Clarifies What Is Beneficiary Mendham, NJ 28-May-2012 - Life Insurance South Africa is pleased to announce tha t their website contains a page that clarifies the exact meaning of what is bene ficiary. Anytime a person takes out life cover, he/she is given the option to na me a beneficiary to receive the funds at the time of death. If none is named, th e funds are paid to the person's estate. Otherwise, the funds are released to th e named person, even if a minor. In the event the named person is a minor, that person's guardian will have acces s to administer the funds in the best interests of the beneficiary. However, thi s could conceivably put an ex-spouse in charge of the funds in direct conflict w ith the wishes of the insured. This is why it is important to understand what is beneficiary and how naming one works when purchasing life insurance. For more information about different types of life insurance cover and to receiv e a no obligation quote, interested South African residents are encouraged to vi sit http://www.lifeinsurance-southafrica.co.za/. For more information about the significance of naming a beneficiary to receive the funds from a policy, they ma y also visit http://www.lifeinsurance-southafrica.co.za/what-is-a-beneficiary.ht ml. Members of the press and/or other interested parties may obtain additional i nformation about this site and/or the content of this press release by contactin g the following: 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]
