When and Why to Review Beneficiaries
No Unfinished Business Podcast Ep. 17: When and Why to Review Beneficiaries w/ Elizabeth Kusmider
When was the last time you or your client reviewed your insurance beneficiaries? You can save major headaches and heartbreak with periodic reviews.
Reviewing Beneficiaries for Insurance and Beyond
If you are an advisor from attorney to CPA to financial advisor, you need to consider periodic or event-based beneficiary reviews across your clients’ portfolios. There are major benefits from these reviews of beneficiaries and insurance policies that may uncover other financial opportunities (for you and the client) and huge potential pitfalls for your clients or their families.
An Incorrect Beneficiary is a Disaster In Waiting
Our guest is Elizabeth Kusmider, Director of Strategic Life Marketing Initiatives at EMG Insurance Brokerage. She shares her expertise on how and when incorrect beneficiary designations can wreak havoc on clients’ plans, and how you can help them avoid these situations. She gives us the top 6 life events that warrant a beneficiary review.
The Six Life Events that Should Trigger Reviews
- Birth
- Death
- Marriage
- Divorce
- Inheritances
- Job Changes
We delve into the finer points of each of these, and give specific issues that could arise with any of these life changes.
Contact Elizabeth for Assistance
Contact Elizabeth below or find her on LinkedIn at https://www.linkedin.com/in/elizabethkusmider/
http://www.emgbrokerage.com/
(713) 507-1015
ekusmider@emgbrokerage.com
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