A beneficiary is an individual(s) who will receive the proceeds of your Life insurance policy in the unfortunate event that you pass away. You can have multiple beneficiaries on your policy. Generally, these individuals are family members or close friends, however, anyone can be a beneficiary.
Beneficiaries differ from dependents in that dependents are family members who currently depend on you financially.
For information regarding eligible dependents through your insurance carriers, click here!
To learn how to complete your beneficiary process, click here!