Life insurance seems pretty straightforward at first glance, but there are some fairly common mistakes people make that can have a huge impact on you and your family.
Imagine you have been divorced for 20 years and married to someone new for another 15. If you unexpectedly pass away but put off changing your beneficiary, your current spouse could be left without any financial assistance from you. Listen to learn some other life insurance mistakes to be aware of.
Check out what you’ll learn in this episode:
- The most common reasons that life insurance lapses. (1:39)
- Why you should tell trusted family about your life insurance policy. (5:23)
- Why you should add a contingent beneficiary. (8:37)