All About Life Insurance Beneficiaries
All About Life Insurance Beneficiaries
There are several types and classes of life insurance beneficiaries and I’m going to do my best to explain each clearly and in an understandable way. There are three main types that you should understand as this is a very important part of your insurance contract.
Primary beneficiaries have the first claim to the proceeds of the life policy following the death of the insured. The owner of the policy (policyowner) may specify more than one primary beneficiary and how the proceeds are divided between each. There is no limit to the number of people that can be listed so if you have 5 children, list them all and tell the insurance company exactly how you want the money divided.
Home Insurance
Home Insurance
30% no claims, full accidental loss and damage cover, Regal Insurance provides you with that little extra piece of mind from your home insurance.
Having home insurance is vital, but the type of home insurance that you sign up for will vary depending on your needs. What you should do is look to sign up to a company that will tailor make a policy for you; lots of companies only have set home insurance packages that you can sign up to. What this means is that you end up paying more than you need for your home insurance, because you are paying for ‘perks’ that you will never use.
Companies such as Regal Insurance will amend their home insurance package to suit your exact needs. You can get your building covered up to a value of £1,500,000 and your contents up to a value of £500,000.
