My friend has three life insurance policies with three different nominees. Why can’t I assign one nominee to all my policies?
peakalpha Answered question February 15, 2022
Failure to assign appropriate nominees to your life insurance policies can jeopardize the goals the policies were intended to protect. In the event of the insured’s death, the sum assured will be paid out to the assigned nominee. It is advisable to spend enough time to assign appropriate nominees to insurance policies during policy issuance.
peakalpha Answered question February 15, 2022