Start using our platform today to easily complete your transamerica beneficiary change form online for free!
The form allows for multiple primary and contingent beneficiaries, with the death benefit paid in equal shares unless specified otherwise.
Submitting this form cancels all previous beneficiary designations and settlement agreements related to the specified policy.
Different signature requirements apply based on whether the owner is an individual, business entity, or trust, ensuring proper authorization for changes.
If an irrevocable beneficiary is designated, their consent is required for any subsequent changes to the beneficiary designation.
The form assumes no community or marital property interest exists unless notified, protecting the company from related claims.
If a beneficiary predeceases the insured, their share will be distributed equally among surviving beneficiaries unless otherwise indicated.
When a trust is named as a beneficiary, the company is not responsible for how proceeds are managed by the trustee.
