How to name beneficiaries and fund a trust at Prudential

Prudential lists individual life insurance beneficiary changes as "Complete online". Its other individual-policy service forms are in the Forms Library after login.¹

SGLI beneficiary changes are made through the SGLI Online Enrollment System (SOES) on milConnect.²

Prudential lists individual annuity beneficiary changes as "Complete online", and online changes apply to individually owned contracts. Its other annuity service forms are in Document center > Account forms after login.³

On employer group coverage, an individual can be named.⁴

On employer group coverage, a corporation or organization can be named.⁴

On employer group coverage, a trust can be named by selecting "Trust" as the beneficiary description and completing Section 3 (Trust Designation).⁴

On employer group coverage, the estate can be named.⁴

On employer group coverage, up to four primary and four contingent beneficiaries can be named. Primary percentages must total 100%, and contingent percentages must total 100% if given.⁴

On employer group coverage, the employee signs and dates the form and submits it to the Benefits Administrator or Human Resources, as the employer directs. The form is returned to the employer, not to Prudential.⁴

For life insurance policys. Completed by the employee. Available to download.⁴

For individual life insurance, "Request a change of ownership" in the logged-in Forms Library transfers ownership to a new individual or entity.¹

For individual annuities, "Request an account change" covers a name change, ownership and the annuitant.³

For life insurance policys. Completed online.¹

For annuitys. Completed online.³

For annuitys. Completed online.³

For life insurance policys. Completed by the assignor and the trustee (assignee). Available to download.⁵

For life insurance policys. Completed by the assignor and the trustee (assignee). Available to download.⁶

On a trust-owned annuity, "Authorize a trust" updates or confirms the acting trustees.³

A group assignment is an absolute assignment: an irrevocable transfer of all rights, title, interests and incidents of ownership in the assigned group coverage.^{5, 6}

The trustee, as assignee, completes the beneficiary designation on the assignment form. A separate form is needed for coverages under each Group Contract.^{5, 6}

Legacy individual Hartford life policies are serviced by Prudential, and an assignment request for one goes to Prudential, not The Hartford.⁷