How to name beneficiaries and fund a trust at Security Benefit
Covers 17 insurance accounts — beneficiaries can be updated by phone
Security Benefit, One SW Security Benefit Place, Topeka, KS 66636-0001
Security Benefit, One SW Security Benefit Place, Topeka, KS 66636-0001
Death Claims
Security Benefit, P.O. Box 750497, Topeka, KS 66675-0497
Beneficiary designations are the foundation of estate planning for Security Benefit policies. Unlike bank accounts, insurance products cannot be retitled into a trust. Instead, the beneficiary designation itself determines who receives the proceeds and how quickly they're paid. Naming a trust as beneficiary is an option when more control over distributions is needed.
The transfer rules at Security Benefit vary across 17 policies. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
- Your contract or policy number
- Personal identification details
- Request for a beneficiary change on your annuity contract or life insurance policy
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Beneficiary changes must be submitted in writing via the Non-Financial Change Form
- Separate forms are available for fixed, fixed index, and variable annuity products
- Only the contract or policy owner can change beneficiary designations
- Beneficiary designations override instructions in a will
- Multiple primary and contingent beneficiaries can be designated
- Percentage allocations must total 100% for each beneficiary tier
- For qualified retirement plans (403(b), 457), spousal consent may be required for non-spouse beneficiaries
- Forms can also be faxed to 785-368-1772 (annuity products)
Sources
Data sourced from Security Benefit primary sources (22 pages reviewed). How we research.
Download these Security Benefit instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Security Benefit primary sources. Bring it to the branch or keep it beside the phone.
Security Benefit, One SW Security Benefit Place, Topeka, KS 66636-0001
Security Benefit, One SW Security Benefit Place, Topeka, KS 66636-0001
Death Claims
Security Benefit, P.O. Box 750497, Topeka, KS 66675-0497
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