How to name beneficiaries and fund a trust at TruStage
Covers 9 insurance accounts — beneficiaries can be managed online
TruStage Financial Group, Inc., 5910 Mineral Point Road, Madison, WI 53705
TruStage Consumer Claims (Life and AD&D)
TruStage Insurance Company, PO Box 61, Waverly, IA 50677-9202
Beneficiary designations are the foundation of estate planning for TruStage 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.
Each of TruStage's 9 policies has different rules for how it transfers at death. The sections below explain the options for each.
- Log in to My Account at my.trustage.com
- Select "Manage my account"
- Navigate to the Beneficiary Details section to view current designations
- Select the update button to view update options
- From the "My beneficiary is..." dropdown, select the beneficiary type (individual, trust, estate, or charity)
- Provide each beneficiary's complete legal name, address, relationship, and the percentage of the total payout
- Submit the changes; you will receive an email confirmation
- TruStage will mail written confirmation once changes are approved and recorded
- When updating existing policies, list ALL beneficiaries including unchanged ones with their allocation percentages
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- When updating beneficiaries on existing policies, list ALL beneficiaries (including those staying the same) with their allocation percentages
- Irrevocable beneficiary designations must be marked on the Change of Beneficiary Request Form and submitted by mail or fax; the named beneficiary must consent before being removed or before the policy can be canceled
- Any person, estate, trust, or organization (such as a charity) can be named as beneficiary
- The Change of Beneficiary Request Form is published inside the My Account portal, not as a public PDF; request a copy from Customer Support at 1-855-591-9026 if you cannot log in
- A change takes effect once TruStage approves and records it, retroactive to the date you signed the form
Sources
Data sourced from TruStage primary sources (15 pages reviewed). How we research.
Download these TruStage instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against TruStage primary sources. Bring it to the branch or keep it beside the phone.
TruStage Financial Group, Inc., 5910 Mineral Point Road, Madison, WI 53705
TruStage Consumer Claims (Life and AD&D)
TruStage Insurance Company, PO Box 61, Waverly, IA 50677-9202
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