How to name beneficiaries and fund a trust at Integrity Life

An annuity has two beneficiary roles, the annuitant's beneficiary and the owner's beneficiary, set on separate forms. Where the owner and annuitant are different people, updating one does not update the other.^{1, 2}

A trust can be named beneficiary and is named exactly as titled. If a trust or other entity owns the contract, that same trust or entity must remain the contract beneficiary.¹

Each beneficiary is given a type, primary or contingent, and an allocation percentage. Unless a beneficiary is marked contingent, every named beneficiary is treated as a primary beneficiary.¹

All owners must sign. The signature line reads "Signature of Contract Owner or Plan Trustee", with a joint owner line where applicable.¹

Spousal consent is required where the owner resides or has resided in one of nine states and the spouse is not the sole primary beneficiary. The Non-Financial Service Request also excuses a spouse named as annuitant or owner.^{1, 2}

The form states that if the annuity contract is part of an IRC section 401(a) qualified plan subject to ERISA, the spouse must be designated beneficiary unless the spouse has properly waived the right.¹

For annuitys. Available to download.¹

Return to

For annuitys. Available to download.²

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For annuitys. Available to download.³

A new designation supersedes any and all previous beneficiary designations on file.¹

On Integrity Life and National Integrity Life annuities sold through W&S Financial Group Distributors, a Class I designation revokes all previously named beneficiaries of every class.³

The Ownership Change Request states that any existing beneficiary designation stays in effect after an ownership change, unless the form requires or designates otherwise, as when a trust is made the owner.⁴

Spousal consent is required for contracts where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.^{1, 2}

Spousal consent is required for contracts where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.^{1, 2}

Spousal consent is required for contracts where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.^{1, 2}

Spousal consent is required for contracts where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.^{1, 2}

Spousal consent is required for contracts where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.^{1, 2}

Spousal consent is required for contracts where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.^{1, 2}

Spousal consent is required for contracts where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.^{1, 2}

Spousal consent is required for contracts where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.^{1, 2}

Spousal consent is required for contracts where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.^{1, 2}

A trust becomes the owner of an annuity contract through an Ownership Change Request that selects "Change the owner" and names the trust as the new owner.⁴

Any trust that owns an Integrity or National Integrity nonqualified annuity must also be named as the beneficiary of that contract.⁴

For annuitys. Available to download.⁴

Return to

For annuitys. Available to download.⁵

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Integrity states it "shall neither be obligated to inquire into the terms of the trust, nor shall The Company be chargeable with knowledge of the terms of the trust."⁶

The Ownership Change Request needs a spousal consent signature where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.⁴

The Ownership Change Request needs a spousal consent signature where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.⁴

The Ownership Change Request needs a spousal consent signature where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.⁴

The Ownership Change Request needs a spousal consent signature where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.⁴

The Ownership Change Request needs a spousal consent signature where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.⁴

The Ownership Change Request needs a spousal consent signature where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.⁴

The Ownership Change Request needs a spousal consent signature where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.⁴

The Ownership Change Request needs a spousal consent signature where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.⁴

The Ownership Change Request needs a spousal consent signature where the owner resides or has resided in this state and the spouse is not the sole primary beneficiary.⁴

New York contracts¹