Naming life insurance beneficiaries: 10 ways to screw up | Insure.com

(Thanks to Pinni Bohm for mentioning this article)

Naming who should get the life insurance money after you die sounds simple, but designating beneficiaries can get tricky.

Mistakes are common, financial advisers say — and they can be heartbreaking and expensive.

When mistakes are made “you’re not creating problems for you,” says Keith Friedman, principal of FBO Strategies, an estate planning and insurance firm in Stamford, Conn. “You’re creating problems for the people you leave behind.”

naming life insurance beneficiariesHere are 10 life insurance beneficiary mistakes to avoid:

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