How to name beneficiaries and fund a trust at Bankers Life
Covers 15 insurance accounts — beneficiaries must be updated in-branch
Bankers Life Customer Service
Phone1-800-621-3724
Fax1-312-324-5060
Mailing Address
Bankers Life and Casualty Company, 303 E. Wacker Dr., Suite 500, Chicago, IL 60601
General Inquiries
Non-Claim Inquiries
Life Policy Inquiries
Annuity Inquiries
New York Residents (Bankers Conseco)
Bankers Life Securities & Advisory Services
WebsiteLearn more→
Life Claims Department
Phone1-800-621-3724
Fax1-312-396-6629
Mailing Address
Bankers Life and Casualty Company, Life Claims Department, PO Box 1937, Carmel, IN 46082-1937
Life Policy Claims
Annuity Claims
WebsiteLearn more→
Life Claims Department
Phone1-800-773-4760
Fax1-312-396-6629
Mailing Address
Bankers Life and Casualty Company, Life Claims Department, PO Box 1937, Carmel, IN 46082-1937
Life Policy Claims
Annuity Claims
General Inquiries
WebsiteNotify online→
Verified May 2026
Estate planning with Bankers Life policies centers on beneficiary designations—the single most important step for ensuring life insurance proceeds and annuity benefits reach the intended recipients without probate involvement. Unlike bank or brokerage accounts, insurance products are not retitled into trusts; instead, trusts are named as beneficiaries when estate tax planning or controlled distributions are needed.
With 15 product types, Bankers Life 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.
Bankers Life Term Life InsuranceBankers Life Whole Life InsuranceBankers Life Juvenile Whole Life InsuranceTurningPoint Fixed-Interest Universal Life InsuranceClearVantage Indexed Universal Life InsuranceBankers Life Traditional Fixed AnnuitySecurity Builder Indexed AnnuityBankers Life Flexible Premium Bonus Indexed AnnuityBankers Life Immediate AnnuityGuaranteed Lifetime Income Annuity Plus (GLIA Plus)Bankers Life Medicare Supplement InsuranceBankers Life Comprehensive Long-Term Care InsuranceBankers Life Facility-Only Long-Term Care InsuranceBankers Life Critical Illness InsuranceBankers Life Hospital Indemnity Insurance
1
Contact your Bankers Life agent at your local office
2
Request the Life and Annuity Policy Information form for a beneficiary change
3
Complete the form with beneficiary details:
- Enter your policy number and personal information
- List primary beneficiaries with full legal names, dates of birth, relationships, and percentage allocations totaling 100%
- List contingent beneficiaries if desired
- For trusts: provide the full legal trust name, date established, and trust EIN
4
Sign and date the form
5
Your agent will submit the form to Bankers Life for processing
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- All beneficiary changes must be submitted in writing
- Percentage allocations must total 100% for each beneficiary tier
- Beneficiary designations override instructions in a will
- Only the policy owner can change beneficiary designations
- Contact your Bankers Life agent for assistance
- Children under 18 cannot receive benefits directly; name a custodian or trust instead
Bankers Life Customer Service
Phone1-800-621-3724
Fax1-312-324-5060
Mailing Address
Bankers Life and Casualty Company, 303 E. Wacker Dr., Suite 500, Chicago, IL 60601
General Inquiries
Non-Claim Inquiries
Life Policy Inquiries
Annuity Inquiries
New York Residents (Bankers Conseco)
Bankers Life Securities & Advisory Services
WebsiteLearn more→
Life Claims Department
Phone1-800-621-3724
Fax1-312-396-6629
Mailing Address
Bankers Life and Casualty Company, Life Claims Department, PO Box 1937, Carmel, IN 46082-1937
Life Policy Claims
Annuity Claims
WebsiteLearn more→
Life Claims Department
Phone1-800-773-4760
Fax1-312-396-6629
Mailing Address
Bankers Life and Casualty Company, Life Claims Department, PO Box 1937, Carmel, IN 46082-1937
Life Policy Claims
Annuity Claims
General Inquiries
WebsiteNotify online→
Verified May 2026
Estate planning articles
Learn how to protect your Bankers Life accounts and other assets with trusts, beneficiary designations, and estate planning documents.
