-
Can a girlfriend or boyfriend be named life insurance beneficiary?
One of the best things that can happen in life is having someone to love and who also loves you back. It is a great realization that out of the…
-
Can an LGBT partner be named life insurance beneficiary?
Life insurance is about protecting loved ones from the impact of an untimely demise. It is a financial product that can provide peace of mind in difficult times of loss…
-
Can a mistress or paramour be a beneficiary of a life insurance?
Is naming a partner other than the legal spouse of a married person as a beneficiary to life insurance allowed? The short answer is no. An illicit or secret lover,…
-
Can an illegitimate child be a life insurance beneficiary?
A child, legitimate or illegitimate, can be named a beneficiary to a life insurance. A parent who has a child out of wedlock may choose to buy a life insurance naming…
-
Naming a minor to be a beneficiary of a life insurance
Children are one of the most common life insurance beneficiaries. Parents who want their family to be taken care of after they are gone would declare their children as beneficiaries…
-
Choosing a beneficiary for a life insurance plan
Buying a life insurance? Naming a beneficiary is one of the major decisions when purchasing a policy. After all, the goal of insuring one’s life is to leave behind a…