You probably didn’t know that you can make mistakes on your life insurance beneficiary designation, did you?
And if you do, and you pass away, your beneficiary mistake could have severe consequences.
Many people (and some agents) will tell you to not worry; just put anyone as your beneficiary.
But that is wrong. Doing so will potentially destroy the advantages of life insurance. Moreover, it could create chaos with your surviving loved ones.
You don’t want that to happen, do you?