Estate planning at Acorns

Bronze ($3/mo) includes Acorns Invest, Later (IRA), Checking, and Acorns Earn (450+ partner brands). Silver ($6/mo) adds Emergency Savings, 1% IRA match on new contributions during first year, and earn matching up to 25%. Gold ($12/mo) adds Acorns Early Invest (custodial accounts with 1% match), Custom Portfolios (individual stocks and ETFs), 3% IRA match on new contributions during first year, Money Manager, earn matching up to 50%, $10,000 life insurance policy, no-cost Will planning, and free federal/state/local tax filing.

Open the Acorns app and navigate to the "Later" section. Tap "Beneficiary" and enter the beneficiary's name, date of birth, and relationship. Only one beneficiary can be designated per Later account through the app, and the beneficiary must be at least 18 years old. Changes are processed within 1-3 business days.

Assets in an Acorns Early Invest custodial (UTMA/UGMA) account are irrevocably in the child's name. The child gains complete control over the custodial assets upon reaching the age of transfer determined by their state of residence, which ranges from 18 to 25 depending on the state. The child associated with the account is automatically the beneficiary.

The $10,000 no-cost term life insurance policy included with Acorns Gold ($12/mo) is provided by Avibra, Inc. The beneficiary for this policy is managed separately from your investment account beneficiaries. To manage your life insurance beneficiary, go to Profile > Benefits > Estate Planning > Life Insurance > Manage Plan > Beneficiary Management in the Acorns app. This benefit is not available on Bronze or Silver tiers.