Estate planning options at The Standard

For Accident, Critical Illness and Hospital Indemnity policies, the beneficiary is changed on the Beneficiaries tab of the referring website. Changes can take up to 3 business days to show on the website.¹

A trust can be named as beneficiary, but a valid trust must exist at the time of death.²

If the trust was never established, is not in existence or has been revoked, The Standard cannot honor the designation and pays a contingent beneficiary or under the policy order.²

If a minor is the beneficiary, a court-appointed guardian or legal representative may be needed before any death benefit can be paid.³

If the estate is the beneficiary, a court-appointed guardian or legal representative may be needed before any death benefit can be paid.³

Primary and contingent beneficiaries can be named. Amounts in the "% of Benefit" boxes should add up to 100% for each class.³

A designation is not valid unless it is signed, dated and delivered to the employer during your lifetime.³

A power of attorney must grant specific authority, by its terms or applicable law, to make or change a beneficiary designation.³

For life insurance policys. Available to download.³

Available to download.⁴

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A new designation revokes all prior designations.³

Benefits are payable to a contingent beneficiary only if no primary beneficiary survives.³

If no beneficiary is named, group life benefits are typically paid under the policy order: surviving spouse, then children in equal shares, then parents, then siblings, then the estate.³

Allstate Benefits group certificates are now administered by The Standard, as American Heritage Life Insurance Company, and their beneficiaries are changed on its Beneficiary Change Request (ABJ040-5).⁴