It’s wise to select multiple beneficiaries when purchasing life insurance policies. This ensures that your family or loved ones can cover any financial obligations after you’ve passed away. The death ...

Making sure you know who gets your nest egg after your death is important. Source: 401(k) 2012 via Flickr. Estate planning is an important part of ensuring that your assets go where you want them to ...

Life insurance policies require you to choose a beneficiary, which is the person who will be the recipient of your policy’s benefits at the time of payout. Many policies also ask you to choose a ...

A contingent beneficiary can help ensure that your assets, trusts and insurance payouts go to the parties you want them to go to. What is a contingent beneficiary? Whether setting up a financial ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of ...

You need more than a primary beneficiary on your financial accounts... just in case. Contingency beneficiaries can be your Plan B and even Plan C. What is a contingent beneficiary? If that question ...

A secondary beneficiary, also called a contingent beneficiary, is a person or entity entitled to get a distribution of assets from an estate or trust after the estate owner’s death if the primary ...

When purchasing life insurance, the choice of who to name as beneficiary is one of the most important decisions a person makes. A beneficiary is the person who receives the death benefit. The owner of ...

One of the most crucial pieces of estate planning is designating the beneficiaries for trusts, life insurance and other accounts that would be passed along at the time of death. For most people, ...

When you purchase life insurance, the real goal is to make sure your loved ones are financially protected after you’re gone. Choosing your primary beneficiary — the person who will receive the ...