According to an online survey of 805 life insurance policyholders across the United States, the majority (70 percent) of them are confident their beneficiaries would know how to file a claim. In fact, most have taken proactive steps to help them prepare.
Nationwide Financial Services Inc. released the Harris Interactive-conducted survey in time for Life Insurance Awareness Month (September). Many of the respondents (84 percent) say they've talked with their beneficiaries about the policy. Most talked about the face value of the policy (53 percent), who the beneficiaries are (47 percent), and who the life insurance agent is (20 percent). And, 91 percent of policyholders say their beneficiaries are aware of being designated on the policy.
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