Your Complete Guide to Group Term Life Insurance Beneficiaries: Everything You Need to Know
Description
Unsure who to list as your group term life insurance beneficiary—or how to avoid costly mistakes?
You’re not alone.
Naming (and updating) beneficiaries is the difference between a fast, tax-advantaged payout and delays in probate or money going to the wrong person.
In this episode of Your Path to Prosperity, we demystify workplace beneficiary designations so your coverage actually protects the people you love.
Tune in to learn:
Why your choice matters: what happens if no beneficiary is named or the form is outdated
Exactly how to set it up: primary vs. contingent beneficiaries, multiple designees, and percentage splits
When to update: marriage, divorce, new child, adoption, or job changes—your form on file rules the outcome
Insider tips: handling minors (trusts/guardians), special-needs planning, avoiding “estate” as beneficiary, and confirming HR has the latest form
Because the best life insurance only works if the right person is on the paperwork.
Want More Info? Read (or listen to) the full article:
https://wealthopedia.com/insurance/life-insurance/group-term-life-insurance-beneficiary/
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