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Fedgroup Care GM Jeanetta Hendricks on why beneficiary funds are integral to financial planning
S2, E3
In this What’s Next in Finance interview, Fedgroup Care General Manager Jeanetta Hendricks explains what beneficiary funds are and why they are so important. In her current role at Fedgroup, she oversees the operation of the company’s Beneficiary Care offering. Her history in the healthcare industry has equipped her with important skills and empathy for the people she serves — which is why Beneficiary Care sits close to her heart. In this interview, Hendricks begins by explaining what a beneficiary fund is and how it works. Hendricks then discusses the numerous financial benefits of beneficiary funds — including their tax efficiencies and protection from creditors. She also highlights the intricacies of beneficiary fund payouts in the case of a death, noting the importance of keeping nomination forms updated, as well as what happens if the beneficiary is still a minor. Hendricks concludes the interview by discussing how Fedgroup stands apart from its competitors in the provision and management of beneficiary funds.
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08 Jul 24 • 20 min
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