It’s easy to name your children as beneficiaries, as long as they’ve reached the age of majority (18 in most provinces).
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What is a beneficiary, and how do I choose one?
When you purchase a life insurance policy, you can name a beneficiary. A beneficiary is a person or persons who will receive the death benefit
What is a beneficiary, and how do I choose one? Keep Reading
Who can be a beneficiary?
You can name your spouse, children, dependents, another family member, a friend, or a charity as a beneficiary. If you name more than one beneficiary,
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Can I name my under-age children as beneficiaries?
In Ontario, children under 18 cannot receive control over any money left to them in an insurance policy. If you want the children to receive
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Can I name my estate as beneficiary?
If you name your estate as beneficiary, the death benefit will become a part of your estate. The funds will be used according to the
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