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Weird and wacky ways to distribute your life insurance benefit [INFOGRAPHIC]

Est. 1 min read

There are 50 ways to leave your lover, and at least as many ways to leave your life insurance benefit to a spouse, friend, stranger, or organization. We’ve put together this infographic of some of the most interesting (or objectionable, depending on your point of view) life insurance beneficiaries.

Americans are underinsured by $20 trillion, and almost half of U.S. households say they wouldn’t be able to cover a $400 emergency [PDF] with their own savings. Life insurance is a cheap and easy way to strengthen the financial safety net for your family, or anyone else you decide to name as a beneficiary. If you haven’t bought it yet, don’t wait any longer!

The weird world of beneficiaries

Sources:
http://www.culteducation.com/group/1256-general-assembly/8156-bizarre-cult-life-insurance-court-case-has-sd-connection.html
https://www.bestlifequote.com/blog/6-bizarre-life-insurance-beneficiaries/
http://www.lifehealthpro.com/2014/08/28/5-controversial-and-creepy-life-insurance-claims
http://articles.latimes.com/2014/jan/28/business/la-fi-mh-oc-register-20140128
http://finance.zacks.com/assign-insurance-benefits-pay-funeral-11880.html

Published on July 10, 2015

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Chris Walters writes for PolicyGenius, a digital insurance brokerage trying to make sense of insurance for consumers. He previously wrote for The Consumerist. Featured posts: "Dental insurance vs dental discount plans compared", "Does Whole Life Insurance Work as Part of a Retirement Strategy?" (Investor in the Family), and "In a Same-Sex Marriage? Time to Focus on Financial Equality" (Huffington Post).
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