AccuQuote Offers Tips for Leaving Term Life Insurance Proceeds to
AccuQuote, a leader in providing term life insurance quotes to people across the Unites States,
offers tips for leaving term life insurance proceeds to non-traditional beneficiaries. The
multi-carrier life insurance brokerage firm gives consumers next steps when considering this
beneficiary designation option on a term life insurance policy.
Wheeling, IL (PRWEB) October 26, 2009 -- AccuQuote, a leader in providing term life insurance quotes to
people across the United States, offers advice to consumers considering leaving their term life insurance proceeds
to non-traditional beneficiaries.
A non-traditional beneficiary is a person or organization with whom the insured has a unique relationship, such
as a college they attended or charity they support. Generally, this option is only considered when a consumer's
family does not rely on their salary for financial support or the insured is a key financial contributor to an
"If you're confident that your family will be financially secure when you die, leaving your term life insurance
proceeds to a non-traditional beneficiary is a great way to give back to the community," says Byron Udell,
founder and CEO of AccuQuote. "However, your first priority is protecting your family, so if they depend on
your salary for financial support, consider making small annual donations rather than naming the organization as a
beneficiary on your term life insurance policy."
When considering this beneficiary designation option on your term life policy, Udell explains certain conditions
that should be followed to help life insurance carriers confirm reasonable use of the proceeds:
Determine if you have a documented history of contributions - By having a documented history of regular
contributions to a college or charity, life insurance companies will generally support a consumer's request to
designate a non-traditional beneficiary to a life insurance policy -