As a hard-working employee, ensuring and maintaining financial stability for your loved ones is essential.
Named beneficiaries on insurance policies and retirement accounts generally supersede instructions in wills, which is why it is important to file and keep your beneficiary designation up to date.
By periodically reviewing your beneficiary designation for your UHD benefit plans, personal insurance plans, and other financial accounts, you can rest assured that your assets will be distributed according to your wishes.
A beneficiary is the person who will get the funds in your account if you should die – that’s why it’s very important to have a beneficiary on file from day one, because nobody can predict the future. Since life tends to bring changes, such as marriage or divorce, you might want to change the beneficiary on file now and again.
For more information, please contact Erica Morales at email@example.com.
Categories: Benefits, Personal Finance
Leave a Reply