Estate planning at Pekin Life

Contact Pekin Life Insurance at 800-322-0160 ext. 2718 or your independent Pekin agent to request a Beneficiary Change Form. Complete the form with your primary and contingent beneficiary designations, including full legal names, dates of birth, relationships, and percentage allocations. Sign and date the form and mail it to Pekin Life Insurance Company, 2505 Court Street, Pekin, IL 61558-0001. Beneficiary changes are not available online.

Yes. Trusts can be named as beneficiaries on Pekin Life insurance policies and annuities. You will need to provide the full legal trust name, the date the trust was established, and the trust EIN. Contact Pekin Life at 800-322-0160 ext. 2718 to request the beneficiary change form. For annuity products, a trust can also be named as owner, though this may affect tax-deferral benefits under IRC Section 72(u).

Pekin Life offers two individual annuity products: the Flexible Premium Annuity 5, which allows regular contributions over time, and the Single Premium Deferred Annuity 7, which accepts a one-time lump-sum contribution with an initial interest rate guaranteed for two years. Both are tax-deferred. A trust can be named as beneficiary or owner of a Pekin annuity. Pekin Life also offers Traditional IRA, Roth IRA, SIMPLE IRA, Simplified Employee Pension, and Tax-Sheltered Annuity retirement plans. Contact your independent Pekin agent or call 800-322-0160 ext. 2718 for current rates and availability in your state.

Pekin Life offers employer-sponsored group benefits including Group Life and AD&D Insurance (convertible to permanent coverage upon termination), Group Dental Insurance (customizable plans with optional orthodontia), Group Short-Term Disability Insurance, and Voluntary Benefits (term life, accident, and short-term disability at no cost to the employer). Pekin Life also offers Key Person Life Insurance and Business Perpetuation Plans funded by life insurance for business owners.