How to name beneficiaries and fund a trust at TruStage

Any person can be named as a beneficiary.¹

An estate can be named as a beneficiary.¹

A trust you have established can be named as a beneficiary, online by choosing "A Trust" or on the Change of Beneficiary Request Form.¹

When a trust claims the payment, TruStage asks for a copy of the trust agreement (the title page, the pages appointing trustees or successor trustees after the insured's death, and the final page with the date and witness signatures) and a Tax ID Number for the trust.²

A trust to be created under your will can be named, as "Trust established under the Last Will and Testament of (your name)," dated (date of the will).¹

An organization such as a charity can be named as a beneficiary.¹

Any organization can be named as a beneficiary.¹

You cannot name yourself as a beneficiary.¹

Each beneficiary is listed with a percentage of the payments. When updating an existing policy, list all the beneficiaries you want on it, including those staying the same, not only the new one.^{3, 4}

Online, the option to add a contingent beneficiary appears after the primary beneficiary is saved.³

The Policy Change Request for Funeral Preplanning and Final Expense policies is signed by the current owner and by any irrevocable beneficiary.^{5, 6}

For life insurance policys. Completed by the policy owner. Completed online.⁴

For life insurance policys. Completed by the current owner, and any irrevocable beneficiary. Available to download.^{5, 6}

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A beneficiary change takes effect once TruStage approves and records it, as of the date you signed it.¹

If no valid beneficiary survives, the payment follows the instructions in the policy or contract; without such instructions it is paid to the insured's estate.¹

An irrevocable beneficiary is marked on the Change of Beneficiary Request Form, which is mailed or faxed. An irrevocable beneficiary cannot be removed, and the policy cannot be canceled, without that beneficiary's agreement.⁴

A per stirpes designation is marked on the Change of Beneficiary Request Form, which is mailed or faxed.⁴

In Massachusetts, a disinterested witness (an adult who is not the owner, insured or beneficiary) must witness the signing of the form and sign it.⁴

For life insurance policys. Completed by the policy owner. Completed online.⁷

Beneficiary changes on Funeral Preplanning and Final Expense policies^{5, 6}