How to name beneficiaries and fund a trust at Baltimore Life
Covers 12 insurance accounts — beneficiaries can be updated by phone
Baltimore Life Customer Service
The Baltimore Life Insurance Company, 10075 Red Run Boulevard, Owings Mills, MD 21117-4871
Baltimore Life Customer Service
The Baltimore Life Insurance Company, 10075 Red Run Boulevard, Owings Mills, MD 21117-4871
Baltimore Life Claims Department
The Baltimore Life Insurance Company, Attn: Claims Department, 10075 Red Run Blvd., Owings Mills, MD 21117
Beneficiary designations are the foundation of estate planning for Baltimore Life 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.
Baltimore Life has 12 policies with different estate transfer rules. Here is how beneficiary designations, trust ownership, and probate apply to each one.
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- If an irrevocable beneficiary was previously named, that individual must consent in writing to the change
- A trust can be named as beneficiary by providing the trust name, date of trust, and trustee name on the beneficiary designation form
- If no contingent beneficiary is named and the primary beneficiary predeceases the insured, benefits may be payable to the estate of the insured or the estate of the deceased beneficiary depending on timing
- The policy owner is the sole person authorized to make beneficiary changes; the insured, payor, or beneficiary cannot make changes unless they are also the owner
Sources
Data sourced from Baltimore Life primary sources (18 pages reviewed). How we research.
Download these Baltimore Life instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Baltimore Life primary sources. Bring it to the branch or keep it beside the phone.
Baltimore Life Customer Service
The Baltimore Life Insurance Company, 10075 Red Run Boulevard, Owings Mills, MD 21117-4871
Baltimore Life Customer Service
The Baltimore Life Insurance Company, 10075 Red Run Boulevard, Owings Mills, MD 21117-4871
Baltimore Life Claims Department
The Baltimore Life Insurance Company, Attn: Claims Department, 10075 Red Run Blvd., Owings Mills, MD 21117
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