How to name beneficiaries and fund a trust at Sammons Financial

When a trust is named, the insurer reserves the right to request and receive a copy of the trust documents if it determines that it is necessary.^{1, 2}

Before paying proceeds at the death of the owner or insured, the insurer may require proof that the trust is then in full force and effect.^{1, 2}

A trust can be named as beneficiary of a life policy with a completed Certification of Trust Agreement.^{1, 2}

A trust can be named as beneficiary of an annuity with a completed Certification of Trust. A charitable trust uses the Certification of Charitable Trust.^{3, 4}

If a testamentary trust will be the sole primary beneficiary, a contingent beneficiary is required.^{1, 2}

An incomplete Certification of Trust Agreement (L-3172A or 7519) is returned unprocessed.^{1, 2}

For life insurance policys. Completed by the trustees. Available to download.¹

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For life insurance policys. Completed by the trustees. Available to download.²

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For annuitys. Completed by the trustees. Available to download.³

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For annuitys. Completed by the trustees. Available to download.⁴

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For annuitys. Available to download.⁵

For annuitys. Available to download.⁶

The Certification of Trust Agreement is used for a new application owned by a trust, a change of ownership of an existing policy to or from a trust, a change of trustee, and naming a trust as beneficiary.^{1, 2}

An incomplete life certification form is returned unprocessed.^{1, 2}

The Certification of Trust is used for a new annuity application owned by a trust, a change of ownership to a trust, a change of trustee, naming a trust as beneficiary, and a claimant statement for death claim proceeds.^{3, 4}

The company only accepts trusts acting as an agent for natural persons and for the sole benefit of those persons.^{3, 4}

For life insurance policys. Completed by the trustees. Available to download.¹

Return to

For life insurance policys. Completed by the trustees. Available to download.²

Return to

For annuitys. Completed by the trustees. Available to download.³

Return to

For annuitys. Completed by the trustees. Available to download.⁴

Return to

For annuitys. Available to download.⁵

For annuitys. Available to download.⁶

A testamentary trust cannot be an owner.^{1, 2}

Issues the North American life policies and annuities⁷

Issues the Midland National life policies and annuities⁸