How to name beneficiaries and fund a trust at Nassau Life
Covers 12 insurance accounts — beneficiaries can be updated by phone
Nassau Service Center
Nassau, PO Box 22012, Albany, NY 12201-2012 (express mail: Nassau, 15 Tech Valley Drive, Suite 201, East Greenbush, NY 12061-4142)
Nassau Service Center
Nassau, PO Box 22012, Albany, NY 12201-2012 (express mail: Nassau, 15 Tech Valley Drive, Suite 201, East Greenbush, NY 12061-4142)
Nassau Claims
Nassau, PO Box 22012, Albany, NY 12201-2012 (express mail: Nassau, 15 Tech Valley Drive, Suite 201, East Greenbush, NY 12061-4142)
Beneficiary designations are the foundation of estate planning for Nassau Life 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.
Across 12 product types, Nassau Life policies vary in how they transfer at death. The sections below walk through beneficiary designations, trust funding options, and which products support each method.
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Nassau cannot accept class beneficiary designations ("per stirpes," "lawful/all my children," "issue," "descendants") — it requires each beneficiary's full name for OFAC compliance
- Any change requires restating the primary beneficiary, even when only the contingent beneficiary is changing
- A trust beneficiary must also be documented on the Certification and Acknowledgement of Trust Agreement (OL4132A)
- Percentage allocations must total 100% within each beneficiary tier
- Community/marital property states (AZ, CA, ID, LA, NV, NM, TX, WA, WI): spousal consent may be required when the spouse is not the sole beneficiary
- Florida residents may not name their agent as beneficiary without proof the agent qualifies as a "family member" under Florida law
- Only the policy or contract owner can change a beneficiary designation
Sources
Data sourced from Nassau Life primary sources (16 pages reviewed). How we research.
Download these Nassau Life instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Nassau Life primary sources. Bring it to the branch or keep it beside the phone.
Nassau Service Center
Nassau, PO Box 22012, Albany, NY 12201-2012 (express mail: Nassau, 15 Tech Valley Drive, Suite 201, East Greenbush, NY 12061-4142)
Nassau Service Center
Nassau, PO Box 22012, Albany, NY 12201-2012 (express mail: Nassau, 15 Tech Valley Drive, Suite 201, East Greenbush, NY 12061-4142)
Nassau Claims
Nassau, PO Box 22012, Albany, NY 12201-2012 (express mail: Nassau, 15 Tech Valley Drive, Suite 201, East Greenbush, NY 12061-4142)
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