How to name beneficiaries and fund a trust at Farmers Insurance
Covers 7 insurance accounts — beneficiaries must be updated in-branch
Farmers New World Life Insurance Company, P.O. Box 248831, Oklahoma City, OK 73124-8831
Farmers New World Life Insurance Company, P.O. Box 248831, Oklahoma City, OK 73124-8831
Life Claims Department
Farmers New World Life Insurance Company, P.O. Box 248831, Oklahoma City, OK 73124-8831
Beneficiary designations are the foundation of estate planning for Farmers Insurance 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.
Farmers Insurance offers 7 policies, each with its own transfer rules. The sections below cover how to set up beneficiaries, fund a trust, and which products support each approach.
- Provide full legal names, dates of birth, Social Security numbers, relationships, and percentage allocations for all beneficiaries
- Sign the completed form in the presence of your agent
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- All beneficiaries must be listed on the form, including those not being changed
- Primary and contingent beneficiary percentages must each total 100%
- Irrevocable beneficiary designations require the beneficiary's written consent to change
- If a beneficiary is a minor, a trustee or guardian must be designated to receive proceeds
- Trusts can be named as primary or contingent beneficiaries
- Form must be signed by the policy owner
- Beneficiary changes can only be made during the lifetime of the insured
Sources
Data sourced from Farmers Insurance primary sources (15 pages reviewed). How we research.
Download these Farmers Insurance instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Farmers Insurance primary sources. Bring it to the branch or keep it beside the phone.
Farmers New World Life Insurance Company, P.O. Box 248831, Oklahoma City, OK 73124-8831
Farmers New World Life Insurance Company, P.O. Box 248831, Oklahoma City, OK 73124-8831
Life Claims Department
Farmers New World Life Insurance Company, P.O. Box 248831, Oklahoma City, OK 73124-8831
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