I have found an excelent article that I want to share with you all that goes deep into the matter.
When to update your life insurance beneficiaries
Brad Cummins May 12, 2016
Certainly, a big part of putting together any life insurance plan is choosing who the beneficiary will be. Depending on the purpose of the policy, that person or entity could be a spouse, child, business partner or charitable organization, just to name a few.
And when we set up our life insurance plans, just like any other type of financial planning situation, we don’t do it in a vacuum. In other words, it happens during just one point in time — and as we all know well, life continuously goes on.