Can you name a minor as a life insurance beneficiary?

Life insurance is an important financial product that provides financial protection to individuals and their loved ones in the event of an unexpected death. When setting up a life insurance policy, one of the critical decisions that policyholders need to make is designating a beneficiary. A beneficiary is the person or entity who will receive…

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Can you have multiple life insurance beneficiaries?

Life insurance is a crucial component of one’s financial planning, providing a safety net for loved ones in the event of one’s death. While many individuals are familiar with the concept of naming a beneficiary to receive the death benefit, there may be confusion regarding whether multiple beneficiaries can be appointed. In this article, we…

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