Policies for bequeathing frequent-flier miles and other loyalty rewards are varied, unclear - chicagotribune.com
Loyalty doesn't always go both ways...
Check the fine print....
moreDo your frequent-flier miles expire when you do?
It's a simple question that today has a complicated answer.
And it's become more relevant as larger portions of Americans' assets move from the material world to the digital realm — and as they invest time and effort into loyalty programs that have an estimated $50 billion of accumulated value.
Individuals could rack up thousands of dollars' worth of rewards. Yet, policies are varied and inconsistent for bequeathing airline miles and other loyalty rewards to a beneficiary after death, according to a recent study, "Inherit the Windfall" by Colloquy, the research group for loyalty program provider LoyaltyOne.
Loyalty doesn't always go both ways...
Check the fine print....