Insurance nomination? What’s that?

Excuse me, it’s not to nominate them for the ‘Best Insurance Award’, ya?

Well, the morbid topic is back. Sorreh, not sorreh. 

Remember how your money will be distributed by law and may go to the government when you pass on and have no valid will and no surviving relatives?

Well, that doesn’t have to be the case if you’re well prepared for the day that will eventually come.

Making an insurance nomination allows you to distribute your policy proceeds to your loved ones according to your wishes.

I wish it was that simple though, for there are several things that you should know before rushing into making a nomination.