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It All Goes To?

Take another look at beneficiary designations

May 1, 2014

The Chicago Tribune

Beneficiaries

Financial advisor Gregory DeJong recalls once making small talk over the kitchen table with a woman while her husband went to retrieve a life insurance policy from their file. After a surprisingly long delay, he returned, red-faced with embarrassment. He had just realized his ex-wife remained the sole beneficiary on his only life insurance policy, more than a decade after their divorce.

"You'd think removing an ex-spouse beneficiary would be a no brainer," DeJong, CFP and financial advisor for Naperville's Savant Capital Management, says. "But in the turmoil surrounding the typical divorce... (click link below to read full article)

http://www.chicagotribune.com/special/primetime/chi-pt-take-another-look-at-beneficiary-designations-20140501,0,4087886.story