Get the free Life Insurance Beneficiary & Name Change Request Form - gvsu

This form is used by employees at Grand Valley State University to request a change of name or to update the beneficiary information for their life insurance policy.

How to fill out life insurance beneficiary name

How to fill out Life Insurance Beneficiary & Name Change Request Form

1. Obtain the Life Insurance Beneficiary & Name Change Request Form from your insurance provider or their website.
2. Fill in your personal information, including your full name, address, and policy number at the top of the form.
3. Indicate the type of request you are making, whether it is a beneficiary designation or a name change.
4. If changing the beneficiary, enter the new beneficiary's full name, relationship to you, and any other required details.
5. If changing your name, provide your previous name, new name, and the date of the name change.
6. Sign and date the form at the designated section.
7. Submit the completed form to your insurance provider via mail, email, or in-person as indicated on the form instructions.

Who needs Life Insurance Beneficiary & Name Change Request Form?

1. Policyholders who want to update their life insurance beneficiary designation.
2. Individuals who have legally changed their name and need to reflect this in their life insurance policy.
3. Beneficiaries or legal representatives of a deceased policyholder may also need this form to claim funds.

People Also Ask about

Who is the only party that can change the beneficiary?

The policy owner is the only person who can change the beneficiary designation in most cases. If you have an irrevocable beneficiary or live in a community property state you need approval to make policy changes. A power of attorney can give someone else the ability to change your beneficiaries.

Who has the ability to request the change of a life policy's beneficiary?

The owner of the policy can also change beneficiaries (primary or contingent) at any time during the life of the policy by notifying the insurance company and complying with their procedures for a change of beneficiary designation.

Who is the only party that can change the beneficiary?

The owner of the policy can also change beneficiaries (primary or contingent) at any time during the life of the policy by notifying the insurance company and complying with their procedures for a change of beneficiary designation.

How do I change my beneficiary name on my life insurance?

Choosing who will receive your assets or the payout (called a “death benefit”) from your life insurance policies is a decision you should consider carefully, because a beneficiary designation can't be changed or corrected after you're gone.

Is it hard to change beneficiary?

Since the process is quite complex, you should hire an experienced attorney to help you out. If you have a valid case and strong legal support, you may be able to prove that the beneficiary listed on the policy doesn't accurately reflect the policyholder's wishes when they passed away.

Can I change my life insurance beneficiary online?

Generally, you can review and update your beneficiary designations by contacting the company or organization that provides your insurance or retirement plan. You can sometimes do this online. Otherwise, you'll have to complete, sign, and mail a paper form.

How much does it cost to change beneficiary?

Simple amendments, like changing a beneficiary or trustee, can range between $300 to $500.

For pdfFiller’s FAQs

What is Life Insurance Beneficiary & Name Change Request Form?

The Life Insurance Beneficiary & Name Change Request Form is a document used by policyholders to designate or change beneficiaries for a life insurance policy, as well as to update the policyholder's name if it has changed.

Who is required to file Life Insurance Beneficiary & Name Change Request Form?

The policyholder of a life insurance policy is required to file the Life Insurance Beneficiary & Name Change Request Form when they want to designate or change beneficiaries or update their name in the policy.

How to fill out Life Insurance Beneficiary & Name Change Request Form?

To fill out the Life Insurance Beneficiary & Name Change Request Form, the policyholder should provide their current personal information, the new beneficiary's information, and any changes to their name, ensuring all fields are completed accurately.

What is the purpose of Life Insurance Beneficiary & Name Change Request Form?

The purpose of the Life Insurance Beneficiary & Name Change Request Form is to ensure that proceeds from a life insurance policy are directed to the intended beneficiaries and to keep the policyholder's information current.

What information must be reported on Life Insurance Beneficiary & Name Change Request Form?

The form must report the policyholder's current name and contact information, the new name if applicable, the names and contact details of new or existing beneficiaries, and the relationship of the beneficiaries to the policyholder.