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HOW TO MAKE YOUR
LIFE INSURANCE WORK FOR YOU
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The beneficiary is whoever is named (designated) under the policy to receive the
insurance money on your death.
Do you want to name a beneficiary (e.g., spouse), or leave the money to your
estate or to a trust? If the money is left to your estate, it will be subject to probate
fees when the estate is settled. If you choose a trust, be sure to seek tax advice.
Beneficiaries: Who is the life insurance for?
