Safeguard your life insurance records

Safeguard your life insurance records

March 23rd, 2011 // 12:28 pm @

Life insurance is one of the most important purchases you’ll ever make. But what if your beneficiaries are unable to locate and submit a claim on your policy after you die? Without quick access to your policy’s proceeds, your loved ones may have a more difficult time paying for expenses and coping with their loss.

 Fortunately, you can prevent unnecessary burdens later with some simple steps now. First, make sure you have copies of your life insurance records in at least two secured places. Consider one location away from your home, such as a bank safety deposit box, in case a fire or a weather related disaster destroys all of your belongings.

 Second, provide all pertinent information related to your life insurance policy with the contract, including the full name, address and phone number of the company that issued the policy. Also provide: policy number, amount of death benefit, type of policy (e.g., term, whole life) and name and address of agent who sold the policy.

 If you have any questions about your life insurance policy, how to safeguard your records or to make sure you are properly insured…Please contact me at Gary.Cucchi@HoraceMann.com

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