Tag Archives: life insurance

Do You Need to Remove Someone from Your Life Insurance Policy?

Occasionally, the unthinkable happens. A trusted individual unforgivably betrays your trust. Perhaps they deceived you, stole from you, or did something that left a bitter taste in your mouth. Consequently, they’re no longer in your good graces, and you want them out of your life and your life insurance policy. It’s not enough to sever ties; you must take legal steps to ensure they don’t benefit from your demise. Otherwise, you might find yourself in a precarious situation, akin to a murder mystery game.

How to Remove Someone from Life Insurance

Firstly, removing an irrevocable beneficiary can be quite challenging. To do so, you need their written consent. However, if they’ve committed a crime, you might be able to get a court order to remove them. Otherwise, the process is straightforward. Contact your life insurance provider and request a change of beneficiary form. Fill it out, sign, date, and submit it. You might be able to do this online. Always confirm with your insurer that the change has been processed. You can then decide what to do with the share your former beneficiary would have received. Donating to a charity organization is a commendable option.

Colling Insurance Services Inc. – Your Trusted Insurance Agency in Lakewood, CO

If you reside in the Lakewood, CO, area and require life insurance, please contact us at Colling Insurance Services. We will connect you with a professional and friendly agent who is dedicated to helping you find the policy that best suits your unique needs.

Are Life Insurance Benefits Taxable?

Life insurance serves many purposes for many people. More than just a means to handle any debts or bills left behind, for many of us, it’s also a way to leave something behind for those we love and care about. These are a few reasons why people and families in and around the beautiful Lakewood, CO area rely on the friendly and professional team of agents at Colling Insurance Services Inc. for all their life insurance questions, needs, and concerns – like, are my life insurance benefits taxable?

Are My Life Insurance Benefits Taxable? Here’s What You Should Know

Many types of gifts are taxable, which can seem unfair. Now, imagine how it would feel to know that your last gift, your inheritance, and one of the last expressions of love you will make – comes with taxes. Here’s the good news: In most cases, your life insurance benefits aren’t taxable. Here’s the important news and what you need to know: To ensure your benefits aren’t taxable, you should talk to an experienced and reputable agent about all your life insurance questions, needs, and concerns.

Find Life Insurance Solutions in Lakewood, CO

If you live in or near the Lakewood, CO, area and have questions or would like to learn more about life insurance solutions, our knowledgeable and professional team of agents at Colling Insurance Services can help. From caring for those you love to taking care of end-of-life planning, our team can help with all your life insurance needs. Contact us to learn more and schedule an appointment today for the life insurance solutions you deserve at Colling Insurance Services Inc.