Do you know who your beneficiaries are? If you’re not sure of the answer, it’s definitely time for a beneficiary review. Making sure you know who your designated beneficiaries are is an important part of the estate planning process.
But when is a good time for that review? It’s always a good idea to review your beneficiary designations after a major life event, such as marriage, divorce, birth or adoption of a child.
Regular reviews are also a wise decision simply because you may have changed your mind since first naming your beneficiaries.
It only takes a few moments to ensure your designations match your current wishes. Questions? Contact a Modern Woodmen representative for more information.
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Whole life insurance
Whole life insurance helps protect your loved ones, providing tax-free money when you die, not just if you die during a specified time period. You can get peace of mind, knowing that your family is protected, and you can take advantage of cash value and other living benefits to help you plan ahead – no matter what life brings.