Estate planning at Legal & General America

It depends on the size of the policy. The Beneficiary Designation Form (LP200) requires a notarized policy-owner signature when the policy benefit is $500,000 or more. If the benefit is under $500,000, an individual owner instead attaches a copy of a valid driver's license or state ID. If the policy is owned by a TRUST, all trustees must sign and indicate their title, and attach either the first and signature pages of the trust or a completed Trust Certification LU1277 (LU1277WP for William Penn). A corporate owner needs an authorized officer other than the insured to sign plus a list of authorized officers on company letterhead. In community property states (AZ, CA, ID, LA, NV, NM, TX, WA, WI, and Puerto Rico) a spousal signature may also be required, and any irrevocable beneficiary must sign.