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How do I set up a beneficiary for my life insurance?
The application you fill out to apply for a life insurance policy will have an area where you are asked to write the name of your beneficiary (or names if you want more than one beneficiary). After the insurance company approves your policy and it goes into effect, your beneficiary is set.
How do I fill out a beneficiary form?
Use a life insurance policy locator Life insurance policy locator services help potential beneficiaries track down lost policies and find out who the beneficiaries are. Start with the Life Insurance Policy Locator from the National Association of Insurance Commissioners (NAIC).
What information do you need to add someone as a beneficiary?
Whatever you do, dont name the child as the beneficiarythe law prohibits anyone from receiving a life insurance payout if they arent the age of majority (which could be 18 or 21 depending on your state). Consult with an attorney if you have a disabled or special needs child.
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