How to protect life insurance beneficiaries from a windfall

March 5, 2013 by William H. Byrnes, Esq., and Robert Bloink, Esq., LL.M.

Insurance companies today have begun to realize that policy owners often wish to direct the distribution of death proceeds payable under insurance policies on their own lives. As a result, these companies are offering policies that allow the policy owner — at the time of purchase — to specify how and when the beneficiary will receive the death proceeds. These policies can allow the owner to have the proceeds distributed evenly over a period of time or in a combination of even installments with larger lump sum payouts disbursed at certain intervals. Click here to read…

Originally Posted at LifeHealthPro on March 4, 2013 by William H. Byrnes, Esq., and Robert Bloink, Esq., LL.M..