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

By

Chris Walters

Chris Walters

Blog author Chris Walters

Chris Walters writes for Policygenius, a digital insurance brokerage trying to make sense of insurance for consumers. He previously wrote for The Consumerist.

Published July 10, 2015|1 min read

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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, per Swiss Re, 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!

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