How to designate beneficiaries at Mariner Finance
Beneficiaries are managed in branch
The key to protecting your Mariner Finance accounts is making sure each one has a transfer mechanism in place—either a beneficiary designation. Without one, the account goes through probate, adding time, cost, and court involvement for your family.
Each of Mariner Finance's 5 accounts has different rules for how it transfers at death. The sections below explain the options for each.
Beneficiary form at Mariner Finance
The carrier's insurance certificate for the AD&D coverage (for life insurance policys).
- Branch schedules differ, and every branch closes on the ten holidays the locator publishes.
What Mariner Finance says about beneficiaries
Each section is Mariner Finance's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary3
- Loan
The loan itself is a debt and has no payable-on-death or beneficiary designation.1
- Debt protection, GAP or service contract
Credit life insurance has no beneficiary: a covered claim pays the loan balance to Mariner Finance as the creditor.1
- Life insurance policy
Only optional Accidental Death & Dismemberment (AD&D) coverage names a person. Mariner states it "provides a benefit to the insured or his/her named beneficiary."1
Optional products, including AD&D, are sold only "in connection with obtaining a loan" and their cost is financed into the loan, so the AD&D beneficiary is named at the branch during the loan closing.1
Beneficiary forms Mariner Finance issues1
Accounts handled elsewhere2
- Life of the South Insurance Company
Underwriting the optional AD&D coverage; a beneficiary change is made on the carrier's paperwork the branch provides2
- Bankers Life Insurance Company of Louisiana
Underwriting the optional AD&D coverage; a beneficiary change is made on the carrier's paperwork the branch provides2
Not in Mariner Finance's published guidance2
- An online way to name a beneficiary
- What the owner provides to name a beneficiary
Sources
Data sourced from Mariner Finance primary sources (15 pages reviewed). How we research.
Download these Mariner Finance instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Mariner Finance primary sources. Bring it to the branch or keep it beside the phone.
Mariner Finance estate support
Customer Relations Manager (escalation for unresolved problems)
Phone
Mailing address
Website
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