Life insurance: Update your beneficiaries!

Quick question: When was the last time you updated your life insurance beneficiaries and beneficiaries on other important financial documents?

If the answer is never, or it’s been a while, you need to get a move on! But let’s be honest, most people do not think about their beneficiaries very often: but they should. Failure to keep your beneficiaries updated can be a costly mistake and have unintended consequences; imagine forgetting to update your beneficiary on your life insurance and your former spouse getting your assets instead of your current partner!

Life and circumstances change. The reality is parents die, marriages dissolve, children are born, and any of these events may warrant a change in beneficiaries. Now is as good a time as any to go through your policies to be sure that your designated beneficiaries are up to date.

Does this sound like something you need to do?

Pay us a visit at our branches (Maison Esplanade – Victoria, Pension Complex –Baie St. Anne Praslin, Green Corner –Providence)  or call us on 429 5000 or send an email to We’ll be more than happy to assist you!

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