All Frequently Asked Questions

Who should be my life insurance beneficiary?

A life insurance beneficiary is the person who will receive the payout for a life insurance policy if you were to die. Therefore, it should be the person (or people) whom you are buying life insurance to help financially protect.

At Haven Life, you can name up to 10 primary beneficiaries and 10 contingent beneficiaries. Often, we see policyholders name their partner as a primary beneficiary and then their children as contingent beneficiaries.