Beneficiary Mistakes and Solutions

Beneficiary Miscues: Caring for Those You Love Allianz Life Insurance Company of New York Allianz Life Insurance Company of North America

Beneficiary Miscues: Caring for Those You Love Jim Wing Wing Financial Services

Important Points ,[object Object],Allianz Life Insurance Company of North America 5701 Golden Hills Drive Minneapolis, MN 55416-1297 Allianz Life Insurance Company of New York One Chase Manhattan Plaza, 38 th Floor New York, NY 10005-1422 Allianz Life Insurance Company of New York is authorized to sell insurance in New York.

(Insert Opening) New York Post, January 31, 2005

Objectives ,[object Object],[object Object],[object Object]

Agenda 4 common miscues 4 solutions An action plan

Miscue #1 – Minor Children as Outright Beneficiaries ,[object Object],[object Object],[object Object],[object Object],[object Object],4 Common Mistakes

[object Object],[object Object],Miscue #2 – Not Managing Distributions 4 Common Mistakes

Miscue #3 – Leaving Retirement $ with Prior Employer ,[object Object],[object Object],4 Common Mistakes

Miscue #4 – Failure To Consider Family Dynamics ,[object Object],Owner: Jack (1 child) Beneficiary: Susan (Spouse - 2 children) Did Jack disinherit his child? 4 Common Mistakes

Miscue #4 – Failure To Consider Family Dynamics ,[object Object],4 Common Mistakes Owner: Ruth ,[object Object],[object Object],[object Object],[object Object],How will Ruth’s $ be split? Will the special-needs child be forgotten?

Miscue #1 – Minor Children as Outright Beneficiaries ,[object Object],[object Object],4 Solutions

Miscue #2 – Not Managing Distributions ,[object Object],[object Object],4 Solutions ,[object Object]

Miscue #3 – Leaving Retirement $ With Prior Employer ,[object Object],[object Object],4 Solutions

Mistake #4 – Failure to Consider Family Dynamics ,[object Object],[object Object],4 Solutions Owner: Jack (1 child) Beneficiary: Susan (Spouse - 2 children)

Mistake #4 – Failure to Consider Family Dynamics ,[object Object],4 Solutions Owner: Ruth ,[object Object],[object Object],[object Object],[object Object]

If You’re Like Me… ,[object Object],[object Object],[object Object],[object Object],[object Object],Action Plan

[object Object],[object Object],[object Object],[object Object],[object Object],Fill Out The Beneficiary Review Sheet Action Plan

Take an Inventory of Your Retirement Plans ,[object Object],[object Object],[object Object],[object Object],[object Object],Action Plan

Summary ,[object Object],[object Object],[object Object],Most mistakes are not difficult to solve The consequences can be devastating A little time and energy can help avoid big problems

Next Steps ,[object Object],[object Object],[object Object]

Thank You. Allianz Life Insurance Company of New York Allianz Life Insurance Company of North America

Beneficiary Mistakes and Solutions

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