How to designate beneficiaries at Aspida
Beneficiaries are managed online, by phone or by mail
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.
Beneficiary form at Aspida
Beneficiary change form (electronic form in the Aspida Portal, or fillable PDF from the portal Resource Center).
Required Documents
- Beneficiary's full legal name
- Beneficiary's date of birth and Social Security number
- Beneficiary's relationship to the contract owner
- Percentage allocation (if naming more than one beneficiary)
- Trust name, date established, trustee name(s) and EIN (when naming a trust)
- Owner's signature on the beneficiary change form. A wet signature if the PDF route is used
What Aspida says about beneficiaries and trusts
Each section is Aspida's own statement, with the document it comes from numbered under Sources.
Who can be named1
- A trust
A trust can be named as beneficiary on every Aspida annuity.1
How many beneficiaries, and how shares are split
- All accounts
Each beneficiary takes a percentage allocation when more than one is named. Primary and contingent beneficiaries are designated separately.1
What a designation takes to be effective
Beneficiary forms Aspida issues1
- Beneficiary change form (electronic form in the Aspida Portal, or fillable PDF from the portal Resource Center)
Completed by the contract owner. Completed online.1
Return to
Mailing address: Aspida Life Insurance Company, 2327 Englert Drive, Durham, NC 27713
What Aspida's agreement says about beneficiaries4
- Changing or revoking a designation
Aspida's support FAQ states "The owner of the contract can change the beneficiary at any time by logging into the Aspida Portal."2
- A designation and a will
The beneficiary designation on the annuity contract supersedes any will or trust provisions regarding the annuity proceeds.1
- A beneficiary who dies first
Contingent beneficiaries receive the proceeds if the primary beneficiaries die before the annuitant. Aspida defines primary beneficiaries as "first in line to receive proceeds from the contract after the annuitant's death."1
- Online access
Beneficiaries cannot open their own portal account; the portal is the owner's.1
Which accounts a trust can hold1
- Annuity
Aspida supports non-natural (trust) owners and markets a Trust-Owned FIA scenario. Trust ownership is a purchase-time decision made with a financial professional.3
What Aspida says about trust accounts1
- Online access
For a trust-owned contract, portal access runs through the annuitant, not the trustee. The support FAQ states "The Annuitant(s) who is affiliated and authorized to make decisions on behalf of non-natural owner will have an online account."2
Not in Aspida's published guidance2
- A beneficiary form to download
- Ownership change procedure for an in-force contract
Sources3
Sources
Data sourced from Aspida primary sources (22 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 estate support
Aspida Client Support
Phone
Durham, NC headquarters (general)
Hours
Mailing address
Website
Estate requests go through general customer service.
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