Who should I make my beneficiary?
To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player
Get the latest Flash player
-
Life Between Lives Hypnotherapy
In this video, Stephanie Kraft, Certified Hypnotherapist, describes Life Between Lives Hypnotherapy.
-
The Science of Mosquito Protection
Dave and Kristin Anderson talk about the benefits of reducing the mosquito population on your property.
-
What are the most common mistakes made regarding eye protection from the sun?
Laura D.
-
How can I ensure copyright protection on my published book?
This video will talk about how to ensure copyright protection on a published book.
-
Summer Makeup - Sun Protection and Summer Skin
In this video, professional makeup artist Aisha Alves describes the new products and techniques that are essential for perfect Summer makeup.
-
How does your mortgage decision relate to protection?
In this video, mortgage advisor, Jeff Thomas describes how to purchase your first home and the process you must go through to obtain a mortgage.
-
How to Protect Plants Against Frost and Bugs
Learn how to cover your plants to protect them against frost and discourage bugs.
-
This video will show how to buy a diamond.
-
This video provides tips from experienced realtors and mortgage brokers on how to sell a home, buy a home, price a home and select an agent.
-
How big of a diamond do I need to buy?
In this video, diamond expert Ronnie Mervis describes the important steps necessary to select and buy the perfect engagement ring.
Stumbleupon
Reddit
Digg
Mixx
Delicious
Facebook
Twitter
American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.
Who should I make my beneficiary?
In this video, Bob Ley from insurance company AIG discusses the many issues surrounding how to select and purchase life insurance.
This expert: 53,789 views
This series: 53,788 views
Transcripts
Host: Who should I make my beneficiary?
Bob Ley: A beneficiary is a person or entity named to receive all or a portion of the death benefit of a life insurance policy. The owner of the life insurance policy may name multiple beneficiaries and in most instances the policy owner can change or have new beneficiaries prior to the insurance debt. There are two types of beneficiaries primary and contingent. A primary beneficiary has the first claim to the proceeds of a life insurance policy should the insured die. There maybe more than one primary beneficiary and the proceeds do not have to be shared equally. The policy owner of the life insurance contract may also name a contingent or secondary beneficiary, the contingent beneficiary has claim to a portion of the death benefits only if the primary beneficiary is removed or dies prior to the death of the insured. There may also be more than one contingent beneficiary named. Many individuals designate a spouse as the primary beneficiary and the children as contingent beneficiaries. You should consult an estate planning attorney before making a minor child, a child under age 18, a beneficiary of life insurance policy. In addition, anyone contemplating making their estate the beneficiary of their insurance policy, should use extreme caution and consult with an estate planning attorney prior to doing so.
Other Videos
-
In this video, Financial Planner Thomas Cymer discusses some tips and possible strategies you could implement to help preserve the value of your portfolio and position yourself for future growth. The video is geared toward the long term investor, those who may be already retired or approaching retirement and are looking to prepare themselves for the certainty of uncertainty.
-
In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination. This video is designed to deliver basic financial information to assist individuals and families to be able to identify goals and process strategies for their specific financial needs. The topics included in this video cover are: self-evaluation of debt load, budgeting strategies, understanding the effects on your credit and scores, why savings is important, how to develop a debt elimination plan, and the importance of financial education and how financial counseling may be useful.
-
-
In this video, financial planning professional and member of the Financial Planning Association®, Tracey Baker, CFP® describes the four important steps to saving money. This video is designed for individuals who are looking for tips to save money. This video series includes an overview of cutting out avoidable expenses, reducing variable spending, planning for lower fixed costs and making hard decisions.
-
-
In this video, Linda Sherry details the best ways to prevent identity theft and what you can do if you think your identity has been stolen.
Home | Terms and Conditions | Privacy Statement | FAQ | About Us | Contact Us | RSS | Link to Us | Filmmakers | Blog
© Copyright 2009 Knowlera Media LLC. All rights reserved.
View Comments (Add Comment)