Remove Brother Remove Life Insurance Remove Parenting Remove Sister
article thumbnail

What Can Go Wrong – Naming a Beneficiary

Prairie Eco-Thrifter

Since you are single, you make your Mom and Dad or your brother or sister your beneficiary. Getting large sums of money at age 18 or 21 can totally derail your beneficiary from discovering their life path as well as allowing them to blow the money and any chance at learning good money management skills they may have had.