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Life insurance beneficiary

It is of critical importance to select a beneficiary as soon as you get a life insurance plan, and to keep the information on that beneficiary up to date.

The insurance company will only be happier if something happens to you, but your beneficiary information would be missing or incomplete. They will not spend time and resources guessing who your beneficiary was and finding them; they will simply not pay the entitlement to anyone.

You must list all information about the beneficiary that is asked of you. Also, keep that information current if something changes.

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