Mendham, NJ 28-May-2012 - Life Insurance South Africa is pleased to announce that their website contains a page that clarifies the exact meaning of what is beneficiary. Anytime a person takes out life cover, he/she is given the option to name a beneficiary to receive the funds at the time of death. If none is named, the funds are paid to the person's estate. Otherwise, the funds are released to the named person, even if a minor.In the event the named person is a minor, that person's guardian will have access to administer the funds in the best interests of the beneficiary. However, this could conceivably put an ex-spouse in charge of the funds in direct conflict with the wishes of the insured. This is why it is important to understand what is beneficiary and how naming one works when purchasing life insurance.
For more information about different types of life insurance cover and to receive a no obligation quote, interested South African residents are encouraged to visit http://www.lifeinsurance-southafrica.co.za/. For more information about the significance of naming a beneficiary to receive the funds from a policy, they may also visit http://www.lifeinsurance-southafrica.co.za/what-is-a-beneficiary.html. Members of the press and/or other interested parties may obtain additional information about this site and/or the content of this press release by contacting the following:
Susan Smith
Public Relations
Justin Harrison Marketing
PO Box 311
Mendham, NJ, USA 07945
Phone: + 00 1 973 531 4982
Fax: + 00 1 973 543 5683
Email: pr@justinharrisonmarketing.com