How to name beneficiaries and fund a trust at Aspida
Covers 10 insurance accounts — beneficiaries can be managed online
Aspida Customer Service
Aspida Life Insurance Company, 2327 Englert Drive, Durham, NC 27713
Aspida Customer Service
Aspida Life Insurance Company, 2327 Englert Drive, Durham, NC 27713
Aspida Client Support (death benefit claims)
Aspida Life Insurance Company, 2327 Englert Drive, Durham, NC 27713
Beneficiary designations are the foundation of estate planning for Aspida policies. Unlike bank accounts, insurance products cannot be retitled into a trust. Instead, the beneficiary designation itself determines who receives the proceeds and how quickly they're paid. Naming a trust as beneficiary is an option when more control over distributions is needed.
With 10 product types, Aspida offers a range of transfer options. Some policies support beneficiary designations, others can be retitled into a trust, and some require probate if no beneficiary is designated. The sections below break down each step.
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Beneficiary changes require the contract owner's signature
- Community property states may require spousal consent for beneficiary changes
- A trust can be named as beneficiary on all Aspida annuity products
- Beneficiary designation on the annuity contract supersedes any will or trust provisions regarding the annuity proceeds
Sources
Data sourced from Aspida primary sources (26 pages reviewed). How we research.
Download these Aspida instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Aspida primary sources. Bring it to the branch or keep it beside the phone.
Aspida Customer Service
Aspida Life Insurance Company, 2327 Englert Drive, Durham, NC 27713
Aspida Customer Service
Aspida Life Insurance Company, 2327 Englert Drive, Durham, NC 27713
Aspida Client Support (death benefit claims)
Aspida Life Insurance Company, 2327 Englert Drive, Durham, NC 27713
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