# @veenacrownholm on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/DGgd2QCy0Ry
- **Gondola URL:** https://gondola.cc/posts/27831880-veenacrownholm-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/b6b8c36f81.jpg
- **Posted:** 2025-02-25T19:21:47.000+00:00
- **Account Owner:** Veena Goel Crownholm (@veenacrownholm) — https://gondola.cc/veenacrownholm

## Caption

Let’s do a little FACT vs MYTH about life insurance and beneficiaries  #AD 
 
Myth 1: Your will overrides your insurance primary beneficiary.
 
Fact: Your life insurance company will send the benefit payment to the person listed as your primary beneficiary on your policy … not on your will.
 
Tip: Keep a copy of your life insurance certificate for your records and review your beneficiaries regularly. 
Myth 2: Your life insurance beneficiary receives the money right away without having to do anything else. 

Fact: Well … not exactly. ModernWoodmen1883, they like to keep the process as simple as possible. 

You need to:

File a claim.

Provide a death certificate. 
 If your beneficiary does not file a claim, the money may remain unclaimed.

 Tip: Make sure your beneficiary knows they are listed on your life insurance policy.

 Myth 3: If a minor is a primary beneficiary, they can receive insurance payments directly.

 Fact: Not exactly. If you list your minor children, they cannot receive life insurance payments directly. A court-appointed guardian or trustee must manage the funds until the child is 18 or even 21 in some states.

Check out modernwoodmen.org for more information or to talk to a representative.

#lifeinsurance #factoftheday #insurance #insurancepolicy #lifeinsurancematters #lifeinsuranceawareness

## Stats

- **Views:** 0
- **Likes:** 2,877
- **Shares:** 0
- **Comments:** 73

## Tags

factoftheday, lifeinsurancematters, insurancepolicy, lifeinsurance, insurance, ad, lifeinsuranceawareness

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