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Change a beneficiary Generally, you can review and update your beneficiary designations by contacting the company or organization that provides your insurance or retirement plan. You can sometimes do this online. Otherwise, youll have to complete, sign, and mail a paper form.
The policyholderPolicyholderThe person who owns an insurance policy is the only person allowed to make changes to your life insurance beneficiaries. The only exception is if youve granted someone power of attorney, a legal document that lets someone make financial, legal, or medical decisions on your behalf.
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On the other hand, a policy with an irrevocable beneficiary requires the policyholder to get the current beneficiarys consent before making a change.