How to name beneficiaries and fund a trust at Continental General

Long-term care policies carry no death benefit and so have no beneficiary designation. The same is true of the Kanawha and MetLife disability and accident and health policies.¹

A trust can be named as beneficiary of the death benefit while the insured keeps ownership of the policy, identified by its full legal name and the date it was established.¹

Only the policy owner can change a beneficiary designation.¹

For life insurance policys. Completed by the policy owner. Sent by the institution on request.¹

Return to

For annuitys. Completed by the policy owner. Sent by the institution on request.¹

Return to

Beneficiary designations on life insurance and annuity contracts pass outside the will, and a will cannot redirect them.¹

Beneficiary changes cannot be made online. The only Continental General policyholder portal is the LTC Customer Portal, and long-term care policies have no beneficiary designation to maintain.²

Only an in-force life policy can be transferred to a trust.¹

The long-term care, disability and accident and health policies have no death benefit to assign and cannot be owned by a trust.¹

For life insurance policys. Sent by the institution on request.¹

Return to

Transferring a policy to an irrevocable life insurance trust takes an absolute assignment, not a beneficiary change. The two are different forms.¹

Continental General does not draft or administer irrevocable life insurance trusts. The trust is established before the assignment form is submitted.¹

Continental General life policies issued before 1/1/2025, and UTA, Great American Life and Loyal American policies¹

Continental General and United Teacher Associates annuities¹

Kanawha deferred annuities¹