How to name beneficiaries and fund a trust at Trustmark Voluntary Benefits
Covers 7 insurance accounts — beneficiaries can be managed online
Customer Care (policy service: beneficiary, trust, and ownership changes)
Trustmark, P.O. Box 7937, Lake Forest, IL 60045-7937
Customer Care -- trust beneficiary designations (form A112-2520) and ILIT ownership transfers (form P684-4)
Trustmark, P.O. Box 7937, Lake Forest, IL 60045-7937
Claims
Trustmark, PO Box 2906, Clinton, IA 52733-2906
Estate planning with Trustmark Voluntary Benefits 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.
The transfer rules at Trustmark Voluntary Benefits vary across 7 policies. Below is a breakdown of beneficiary options, trust funding, and which products support each method.
- Access the policyholder portal at myvb.trustmarkbenefits.com
- Navigate to your life insurance policy
- Select the option to update beneficiary designations
- Add primary beneficiaries with full legal names, dates of birth, relationships, and percentage allocations totaling 100%
- Optionally add contingent beneficiaries with their own percentage allocations totaling 100%
- For trusts: enter the trust name, date established, and trustee information
- Review and confirm your beneficiary designations
Required Documents
- Trust name, date established, and tax ID (EIN or SSN)
Special Requirements
- Naming a TRUST uses a different form than naming a person: Trust Beneficiary Designation Form A112-2520, not the standard P684-19
- Spouse signature is required on the P684-19 beneficiary form in the nine community property states: AZ, CA, ID, LA, NV, NM, TX, WA, WI
- The A112-2520 trust form states that Trustmark assumes no responsibility for carrying out the terms of the trust, and that payment to the trustee discharges the company -- so the trust document itself must do all the work of directing the proceeds
- The A112-2520 trust form names the trustee "or its successors in trust," so a trustee change does not by itself require a new beneficiary form
- A beneficiary change is binding on Trustmark only when received at its home office, but then relates back to the date the owner signed it
- Beneficiary designations on life insurance override instructions in a will
Sources
Data sourced from Trustmark Voluntary Benefits primary sources (19 pages reviewed). How we research.
Download these Trustmark Voluntary Benefits instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Trustmark Voluntary Benefits primary sources. Bring it to the branch or keep it beside the phone.
Customer Care (policy service: beneficiary, trust, and ownership changes)
Trustmark, P.O. Box 7937, Lake Forest, IL 60045-7937
Customer Care -- trust beneficiary designations (form A112-2520) and ILIT ownership transfers (form P684-4)
Trustmark, P.O. Box 7937, Lake Forest, IL 60045-7937
Claims
Trustmark, PO Box 2906, Clinton, IA 52733-2906
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