“Isn’t it ironic, don’t you think?” – Morissette, Alanis. “Ironic.” Jagged Little Pill. Maverick/Reprise. 1995.
The most common person to name as the primary beneficiary on your life insurance policy is your spouse. This is something that folks often do without putting much thought into it, and when they first take out a policy. As a result it is no wonder that when people get divorced years or sometimes decades later, they often forget to go back and change that beneficiary designation so that their ex doesn’t get paid when they die. Worry not! Continue reading