Can I be my own beneficiary? When you hold a financial account, you’re entitled to its assets as long as you’re alive. The ...

If the asset is a bank account, you can name a payable-on-death beneficiary who would enjoy ... to insurers and financial institutions could mean the difference between a swift payout or years ...

If you have ever opened a bank account, have a life insurance policy or have started planning your estate, you’ve probably been asked to name a beneficiary or beneficiaries for that account.