Is This You?

You purchased a life insurance policy.  Life goes on.  Things change. But do you need to update your paperwork?

Here are some surprising facts:

• 91 percent of life insurance policyholders have informed their beneficiaries of that designation
• 55 percent of life insurance policyholders did not change their beneficiary designation after a divorce
• 57 percent of life insurance policyholders have not told their beneficiaries where the policy is located

So, if you own a life insurance policy, don't forget to update the beneficiary information as needed. Just contact your agent for help, or the insurance company for further instructions.

Keep your policy in a safe place, but make sure someone knows where it is.