Do I Need A Will If I Have Life Insurance?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaLife insurance is an indemnification insurance product that pays death benefit proceeds to the policy beneficiaries at the death of the policy insured. A will is a legal document directing the post mortem wishes of the decedent is regards to the dispersal of assets, child custody and general intent or testament of its author. You need life insurance if you have financial liabilities that could burden your beneficiaries. You need a will to direct your overall wishes in the event of your death.Answered on June 29, 2013+01+1 this answer
0flag this answerview more answers by David Racich- 30 POINTSview profileRobert JenningsAgent, Liberty National, Indianapolis, INLife insurance pays directly to the beneficiary or beneficiaries upon the death of the insured. Property (such as a car or a record collection), assets (such as stock or a bank account), dependent children (whose custody would need to be settled) are all matters you would take care of with a will. Life insurance will pay according to the policy regardless of any mention in a will.Answered on June 29, 2013flag this answer
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