Compass

Life Insurance Beneficiary Designations (11/15/17)

When designating a beneficiary of a life insurance policy, the policy owner should consider a multitude of factors, such as owner's desires, individual circumstance affecting a beneficiary, creditor protection laws, and any estate, gift, and income tax implications that may arise from the designation (or lack thereof). This article is intended to address some of the itricacies  that may arise when selecting a beneficiary of a life insurance policy. 

Read the full article here.