Annual client reviews are an ideal opportunity to revisit beneficiary information and confirm it still reflects each client’s wishes. Life changes such as marriage, divorce, the birth of a child, or the loss of a loved one can quickly make outdated designations a costly oversight. By making beneficiary updates part of the annual review process, advisors can help clients keep their plans aligned, current, and ready to work as intended.
To better assist you in preparing for your annual review, the Agent Portal and App clearly display Primary and Contingent Beneficiaries along with the allocation percentage:
As a reminder, use this as a guide for helping your clients update their beneficiaries:
Naming a beneficiary on a life insurance policy is an important decision that determines who will receive the proceeds of the policy after your death.
Share the following with your clients as key points to consider:
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