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Beneficiary designations shouldn't be ignored

Beneficiary payouts from either retirement or life insurance plans can get sticky.

By Paula Aven Gladych | Updated on April 15, 2013

Beneficiary payouts from either retirement or life insurance plans can get sticky.

A new report by the 2012 ERISA Advisory Council looked at the challenges and best practices concerning beneficiary designations, focusing on steps that plans and service providers can take to ensure the proper beneficiary receives the intended benefit payment from the plan.

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