Take the following quiz to see how much you know — and help ensure you don’t leave your loved ones in an unexpected situation.
1. You should review your beneficiary designations …
a. Every few years and after life events such as births, deaths, marriages, divorces, etc.
b. Once every 10 years.
c. Never — you can set them and forget them.
2. You can name anyone as a beneficiary for your life insurance.
a. Yes, it can be any family member, a charity, or a friend.
b. No, it must be your spouse.
3. True or False: It’s a good idea to name both primary and secondary beneficiaries for your benefits.