Policyholders are being advised to take care when naming their beneficiaries. Over the last while, concerns have been growing over the number of life insurance companies that are not paying off the policies to beneficiaries when the policyholders die. The problem is that many beneficiaries don’t realize that they hold this position. Many consumers are failing to tell their loved ones when they take out a life insurance policy or don’t tell them that they are the beneficiaries. This makes it far more challenging for the insurers to make sure…
Read MoreLife insurance policies are frequently unclaimed
