Estate planning and settlement at Bankers Life
Name beneficiaries in branch, fund a trust in branch, and report a death at 1-800-621-3724
Bankers Life is an insurance company with 15 products relevant to estate planning. Life insurance and annuity proceeds transfer directly to named beneficiaries outside of probate, making beneficiary designations one of the most important estate planning steps for Bankers Life policyholders.
Bankers Life lets account holders update beneficiary designations in branch, by phone, and by mail. Trust funding is also available, allowing families to name a trust as the policy beneficiary or establish an irrevocable life insurance trust (ILIT).
Bankers Life provides specific procedures for both proactive estate planning and filing claims after a death.
Beneficiaries and trust funding
How to update beneficiaries in-branch, fund a trust in-branch, and review 15 account types at Bankers Life.
Preparing your estate →Death claim process
Report the death to Bankers Life's Life & Annuity Claims at 1-800-621-3724. The page lists the steps and the documents to send.
When someone dies →
Sources
Data sourced from Bankers Life primary sources (31 pages reviewed). How we research.
Bankers Life customer support
Bankers Life Policy Service
Phone
General Questions
Non-Claim Inquiries (health policies)
Life Policy Inquiries
Annuity Inquiries
New York Policies (Bankers Conseco Life Insurance Company)
Colonial Penn Medicare Supplement Policies
Washington National Medicare Supplement Policies
Bankers Life Securities & Advisory Services
Fax
Hours
Mailing address
Website
Estate planning articles
Learn how to protect your Bankers Life accounts and other assets with trusts, beneficiary designations, and estate planning documents.
Forms for Planning Your Estate
Free forms for planning your estate: a will, living trust, pour-over will, both powers of attorney, living will, and TOD deed.
Last Will and Testament
Name your heirs, guardians, and final wishes. Free for every state.
Transfer on Death Deed
Transfer real property to a beneficiary upon your death without probate. Available in 34 states and the District of Columbia.
Vehicle Transfer on Death
Name a beneficiary to inherit your vehicle at death without probate. Available in 26 states and the District of Columbia.
Tools for Planning Your Estate
Free tools for planning your estate: what a will or trust costs, whether you need a trust or TOD deed, and how documents are signed.
How Do I Sign Estate Documents?
Find witness, notary, and remote signing requirements for all 50 states.
Will My Estate Documents Transfer?
Check if estate planning documents signed in one state are valid in another.
Trust or Will: Which Costs Less?
Compare the cost of probate vs a trust for your state and estate value.
How Much Does a Revocable Living Trust Cost?
Compare revocable living trust costs across providers including online services and attorneys.
How Much Does a Will Cost?
Compare will costs across providers plus probate costs your heirs will pay.
How Does SimplyTrust Compare to LegalZoom, Trust & Will, and Other Services?
Compare what it costs to make a trust official across SimplyTrust, LegalZoom, Trust & Will, Rocket Lawyer, and Quicken WillMaker.
