How much do you really know about life insurance? Take this quiz and test your life insurance know-how.

The last thing you want to happen after you die is for your beneficiaries to be unable to locate and submit a claim on your life insurance. Here is some helpful advice for storing your documents.

A: Your mother should contact the life insurance company and request the ownership change. She will need to provide a copy of the Power of Attorney. It would be advisable to contact the company through an agent, broker or financial professional, so that you are aware of all consequences of the ownership change.

If you have dependents or other people with whom you share your life, life insurance can play a vital and valuable role at virtually every stage of your life. The I.I.I. can help you make smart choices when buying life insurance: how much to buy; which type of product to buy; and which one of the hundreds of life insurance companies to choose.