From
US Newswire:
When a loved one dies, the last thing grieving family members want to do is scramble to find the loved one's pertinent information. It is important to be as prepared as possible in case a death occurs to make the process run smoothly.
See video at:
http://media.medialink.com/WebNR.aspx?story=31842
Experts recommend discussing with loved ones where their financial information and life insurance policies are located. When a life insurance claim is made, the insurance company usually needs documentation -- such as a death certificate and a copy of the policy. If everything is in order, insurance payments can be made within two weeks and be used for almost anything -- like funeral expenses, mortgages, debt and taxes.
It is a good idea to review life insurance policies periodically to make sure that the policies provide the kind of protection needed at one's current stage of life. Remember to update beneficiary designations to make sure ex-business partners and ex-spouses aren't unintentionally still listed.
Important information here, folks...
