The main thing to do with Life Insurance is to keep the actual policy and let someone know where you have kept it. As long as you have paid it in a timely manner, the insurance company will be able to pay the death benefit even if all you have is the policy number.
It is also helpful to keep the last statement, so that if there is ever a contention, you can show that you paid it.
Beyond that, some say to keep statements for 5 years, some say to shred them as soon as they are paid. There is no one right answer.
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It is also helpful to keep the last statement, so that if there is ever a contention, you can show that you paid it.
Beyond that, some say to keep statements for 5 years, some say to shred them as soon as they are paid. There is no one right answer.