What Happens If My Life Insurance Beneficiary and I Die Together?

What Happens If My Life Insurance Beneficiary and I Die Together?

You faithfully paid your life insurance premiums for decades, all to make sure your funeral expenses would be paid for and your loved ones would be covered financially.

But what would happen if you and your policy’s beneficiary both suddenly died? Or, what happens if your beneficiary died shortly after you did? A beneficiary is the person whom you designate to receive your life insurance proceeds when you die.

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