CompareGuru Financial Services is an authorised financial services provider FSP. 47696
“If, however, your client nominated a spouse as beneficiary, the death benefit would be paid directly into a partner’s bank account. This can happen within days following a claim, provided there was no cause for suspicion or further investigation.”Dempsey adds that as long as you have not ceded the life policy to cover a loan or mortgage bond, your policy will also be exempt from claims from your creditors. In other words, your family will receive the full payment amount you had intended.