But how do we ensure an insurance settlement will go to the person we would like it to? It’s very important to ensure that the ownership of your policies is correct.
No-one wants to suffer a bereavement, and then be placed in a situation where they have a drastically reduced income and have to wait for months to receive an insurance settlement because the deceased owned the policy themselves.
Or if a Family Trust is part of the mix it may be pertinent to ensure the trustees own any life cover as this will ensure that if a new partner is involved further down the track there will be no dispute as regards inheritance. Food for thought…If you’d like to make sure your ownership is where it should be contact me and we can discuss your individual requirements. Ask here.