what happens to life insurance policies without nomination?

Apr 08, 2022 2:05 am

Hi


Buying a life insurance policy is only the first (but important!) step to financial security for your family.


Equally important is to make a nomination on who the payout should go to. While the regulations may be different in different countries, the principles apply.


In this article on Money Playschool, a Chartered Financial Consultant shares: What happens when the policy owner of an un-nominated life insurance policy dies?


When in doubt, always speak with a qualified financial adviser!



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