By Newsbreak Producer Hoosen Ebrahim - The beginning of the year - or quarter one - is a good time to check that one's financial affairs are in order. Nominating beneficiaries for life insurance policies will ensure that the proceeds are paid timeously to the intended parties. When there is a valid beneficiary nomination on a policy, said policy does not form part of the estate and the proceeds upon death are paid directly to the beneficiary, thereby saving time and money on executor fees. Denise Gabriel of the National Financial Ombud Scheme of SA, explains annual policy reviews are so important...

<p>By Newsbreak Producer Hoosen Ebrahim - The beginning of the year - or quarter one - is a good time to check that one's financial affairs are in order. Nominating beneficiaries for life insurance policies will ensure that the proceeds are paid timeously to the intended parties. When there is a valid beneficiary nomination on a policy, said policy does not form part of the estate and the proceeds upon death are paid directly to the beneficiary, thereby saving time and money on executor fees. Denise Gabriel of the National Financial Ombud Scheme of SA, explains annual policy reviews are so important...</p>

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<p>Award-winning Current Affairs programme and News talk show. Brought to you by SABC News.</p>

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