How to name beneficiaries and fund a trust at Securian Financial
Covers 13 insurance accounts — beneficiaries can be managed online
Securian Financial, PO Box 64114, St. Paul, MN 55164-0114
Securian Financial, PO Box 64114, St. Paul, MN 55164-0114
Life and AD&D Claims
Securian Financial, PO Box 64114, St. Paul, MN 55164-0114
Estate planning with Securian Financial policies centers on beneficiary designations—the single most important step for ensuring life insurance proceeds and annuity benefits reach the intended recipients without probate involvement. Unlike bank or brokerage accounts, insurance products are not retitled into trusts; instead, trusts are named as beneficiaries when estate tax planning or controlled distributions are needed.
Securian Financial has 13 product types, and the estate transfer rules differ across them. Some support beneficiary designations, some can be retitled into a trust, and others will require probate if nothing is set up. Each is covered below.
- Provide full legal names, dates of birth, Social Security numbers, and relationships
- Assign percentage allocations totaling 100%
- Provide the same identifying information as primary beneficiaries
- Assign their own percentage allocations totaling 100%
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Trusts, individuals, charities, and estates can all be named as beneficiaries
- Primary and contingent beneficiaries allowed with percentage allocations totaling 100%
- Provide full legal name, relationship, mailing address, email, phone, date of birth, and Social Security number for each beneficiary
- Some states require spousal consent to name a non-spouse beneficiary
- Completing the Beneficiary Change Request form revokes all prior beneficiary designations
- Group life beneficiary changes may require coordination with employer HR department
- Irrevocable beneficiary designations or transferred policy ownership may restrict changes without beneficiary consent
- A special needs trust can be named as beneficiary to provide for a dependent without affecting their government assistance eligibility
Sources
Data sourced from Securian Financial primary sources (16 pages reviewed). How we research.
Download these Securian Financial instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Securian Financial primary sources. Bring it to the branch or keep it beside the phone.
Securian Financial, PO Box 64114, St. Paul, MN 55164-0114
Securian Financial, PO Box 64114, St. Paul, MN 55164-0114
Life and AD&D Claims
Securian Financial, PO Box 64114, St. Paul, MN 55164-0114
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