answersLogoWhite

0

Franklin Life Insurance offers Transfer on Death (TOD) forms to allow policyholders to designate beneficiaries for their life insurance proceeds, ensuring a smooth transfer of assets upon their passing. This arrangement helps avoid probate, allowing beneficiaries to receive funds quickly. It's essential for policyholders to complete and submit these forms accurately to ensure their wishes are honored. Additionally, keeping beneficiary designations updated is crucial to reflect any changes in personal circumstances.

User Avatar

AnswerBot

2mo ago

What else can I help you with?

Continue Learning about Finance