Many people unaware deceased loved ones had life policy naming them as a beneficiary

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Many people unaware deceased loved ones had life policy naming them as a beneficiary
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How many people are battling financially, totally unaware that their deceased loved one had a life policy with them named as a beneficiary?

“Currently, we are the only life insurer in the country that has been able to initiate a claim payment on behalf of the beneficiary when the policy holder has passed on,” Bromfield said.

Whether other life insurers see fit to adopt a similar pre-emptive approach to policy claim payouts remains to be seen. By the end of June, FNB Life, which wrote its first policy about four years ago, had more than four million life and funeral policies.

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