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300 S. Park Ave, Ste. 903
Pomona, CA 91766

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California Insurance Blog

Who Should be Your Life Insurance Beneficiary?

Obtaining a life insurance policy from THINK Insurance & Financial Services in Pomona, CA is the first step toward establishing a financial foundation for the future. The next step is naming a beneficiary. Your beneficiary will receive the proceeds of your policy upon your demise. Here are a few aspects to consider when selecting a life insurance beneficiary.

Spouse and Family

If you’re married and have children, your primary responsibility is to your immediate family. Naming your spouse and kids as beneficiaries provides them with financial support to carry on after you’re gone. Proceeds from your policy can be used to pay the bills, liquidate debts, cover childcare and medical expenses and more, giving your spouse time to plan for the future.

Even without children, your spouse will need financial assistance after you’re gone, especially if you were the main breadwinner of the family.


If your parents helped co-sign your private student loans or loaned you money for a down payment on your home, you may want to name them as co-beneficiaries with your spouse to help repay their generosity.  This alleviates your parents of the financial burden of these outstanding debts.

Minor Children

As a single parent, you may want to name your minor child or children as beneficiaries of your life insurance policy. If so, be sure to designate a trusted custodian to help manage these funds until your kids come of legal age to make decisions on their own. You can also place these funds in a trust for your children to be distributed at a designated time.

Siblings/Close Friends/Charity

Other considerations for beneficiaries include siblings, close friends, business partner or your favorite charity for which you’d like to provide financial support.

For more information on choosing a beneficiary or life insurance options and costs, contact THINK Insurance & Financial Services in Pomona, CA.

Can Commercial Insurance Be Customized?

When it comes to making smart business decisions, one of the most important is the type of commercial insurance you buy. Not all commercial insurance policies are the same. When choosing your insurance provider, along with the terms and conditions outlined in the contract, you should also inquire about the ability to customize the policy to cover your specific needs.

Why Customize?

Depending on what type of industry your business is in, you may need to beef up your policy in certain areas or add riders to cover additional property or offer a greater amount of protection. Some industries have specific hazards that are unique, which is why selecting an insurance company that has flexible policies is crucial for some types of business. Customizing ensures that there are no gaps in the coverage that can leave you financially crippled. 

Selecting A Provider

Finding the right company to protect your business from potential risks and losses is the key to having peace of mind. One of the things you should look for is excellent customer service. Most companies offering a high level of service will also provide excellent insurance products. Check with a reputable company such as THINK Insurance & Financial Services serving the residents and businesses in and around Pomona, CA. They can give you additional details about customization and services available to potential customers. 

If you are located in or around the Pomona, CA area and would like to purchase quality insurance products from a commercial insurance provider that values quality and satisfaction, contact THINK Insurance & Financial Services today and speak with a knowledgeable representative. Get the coverage you need to protect you tomorrow. 

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