Beneficiaries
by Charles
My wife and I travel together, and if we both die together we are each others beneficiaries. Can I put my children as alternate beneficiaries if this happened, but keep my wife as the primary? Children as Life Insurance BeneficiariesHi Charles, Yes, you can and probably should, name your children as secondary beneficiaries. You will have to name a trustee if they are minors. Hope that helps. Get a quote at: Ask another question at Life Insurance Questions Other pages of interest:Term Life Insurance in Canada Whole Life Insurance Canada Term or Whole Life Insurance Canada Life Insurance Disability Insurance Canada Note: Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility. Make sure you review the "please read" page. www.canada-insurance-source.com |