According to an online survey of 805 life insurance policyholders across the United States, the majority (70%) 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%) say they've talked with their beneficiaries about the policy. Most talked about the face value of the policy (53%), who the beneficiaries are (47%), and who the life insurance agent is (20%). And, 91% of policyholders say their beneficiaries are aware of being designated on the policy.
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