What is a beneficiary, and who can be one?
A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. You can name:
- One person
- Multiple people, up to ten.
- The trustee of a trust you’ve set up
- A charity
- Your estate
If you don’t name a beneficiary, the death benefit will be paid to your estate.
How do I name my beneficiary or beneficiaries?
After you have had your onboarding to YuLife you will receive a form to nominate beneficiaries, just fill this in and send it back to us to at email@example.com