May is a great time to think about updating important information. Have you recently reviewed who you have designated as a beneficiary on your life insurance policies and retirement accounts? Not having the person or persons designated whom you currently wish to benefit can prove to be an unfortunate mistake. Learn more here on the importance of updating beneficiaries.
Other information to update in your personal records (for yourself to have handy and your loved ones) is your insurance information. Buy a new car, add drivers in the family, move homes, get a new Medicare card, sell valuables listed on a personal articles policy? These are all changes that will necessary your updating the insurance information you have compiled.