How to designate beneficiaries at OneAmerica Financial
Beneficiaries are managed online or by mail
For OneAmerica Financial policyholders, estate planning comes down to one critical step: making sure the right beneficiaries are named on every policy. Insurance proceeds bypass probate entirely and go directly to whoever is listed—regardless of what a will says. When estate tax planning or controlled distributions are a factor, a trust can be named as beneficiary instead.
Across 11 product types, OneAmerica Financial policies vary in how they transfer at death. The sections below walk through beneficiary designations, trust funding options, and which products support each method.
Beneficiary form at OneAmerica Financial
Beneficiary change (Individual Policy Service Request) and Beneficiary Designation Under Group Life Insurance Policy (G-13117) (for life insurance policys).
Open the form →- A witness signs; the witness must have no interest in the policy or be a named beneficiary.
- A spouse signs the consent if the insured or beneficiary lives in a community property state (the form lists AZ, CA, ID, LA, NM, NV, TX, WA and WI).
- Percentages at each level must total 100%; otherwise benefits are paid pro rata, and if no percentages are shown, equally.
- A trust is named by the name of the trust and the date of the trust agreement.
- Collateral assignments, the employer and funeral homes are unacceptable designations.
Required Documents
- Policy number (for an individual policy). It is on the annual statement or in the policy contract
- Form G-13117, completed and witnessed (for employer group life)
- Name of the trust and the date of the trust agreement (when naming a trust). Stated on the designation itself
What OneAmerica Financial says about beneficiaries
Each section is OneAmerica Financial's own statement, with the document it comes from numbered under Sources.
Which accounts take a beneficiary3
- Life insurance policy
A beneficiary on an individual life policy is changed through the Beneficiary change option in the Individual Policy Service Request, or after logging in to the online account.1
A beneficiary under employer group life insurance is named on form G-13117, "Beneficiary Designation Under Group Life Insurance Policy."2
- Annuity
A beneficiary on an individual annuity is changed through the Beneficiary change option in the Individual Policy Service Request, or after logging in to the online account.1
- Health, long-term care or disability policy
A beneficiary on an asset-based long-term care policy is changed through the Beneficiary change option in the Individual Policy Service Request, or after logging in to the online account.1
Who can be named2
- A trust
A trust can be named as beneficiary of an individual life or annuity policy through the Beneficiary change option in the Individual Policy Service Request.1
- A trust, life insurance policys
On form G-13117 a trust is named by the name of the trust and the date of the trust agreement, in the form's wording: "John Doe Trust dated ______ . Payment to trustee shall discharge the company."2
- A business, life insurance policys
Form G-13117 does not accept the employer or a funeral home as a designation.2
How many beneficiaries, and how shares are split
- Life insurance policy
On form G-13117, percentages at each level must total 100%. Otherwise benefits are paid pro rata, and if no percentages are shown, equally.2
What a designation takes to be effective
- Life insurance policy
Form G-13117 requires a witness who has no interest in the policy and is not a named beneficiary.2
Form G-13117 requires the spouse's signature if the insured or beneficiary lives in a community property state (the form lists AZ, CA, ID, LA, NM, NV, TX, WA and WI). If the consent is not signed and AUL has no prior written notice of a community property interest, AUL relies in good faith that none exists.2
Beneficiary forms OneAmerica Financial issues2
- Beneficiary change (Individual Policy Service Request)
Completed by the policy owner. Completed online.1
- Beneficiary Designation Under Group Life Insurance Policy (G-13117)
For life insurance policys. Available to download.2
Return to
Fax: 1-888-285-1565
Mailing address: American United Life Insurance Company, One American Square, P.O. Box 6123, Indianapolis, IN 46206-6123
What OneAmerica Financial's agreement says about beneficiaries2
- The institution's right to refuse a designation or an account title
Form G-13117 does not accept a collateral assignment as a beneficiary designation.2
- A minor as beneficiary
Form G-13117 says a designation for a minor child should nominate a custodian under the child's state Uniform Transfers to Minors Act, and that this may avoid a court-appointed guardianship for payment of the death benefit.2
Not in OneAmerica Financial's published guidance1
- A procedure for holding an account in a trust
Sources
Data sourced from OneAmerica Financial primary sources (16 pages reviewed). How we research.
Download these OneAmerica Financial instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against OneAmerica Financial primary sources. Bring it to the branch or keep it beside the phone.
OneAmerica Financial estate support
Individual Policy Service Request (online beneficiary, name and address changes)
Website
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