Savings Bank Life Insurance Change Of Beneficiary

If you are the insured on a life insurance policy you will have to name at least a primary beneficiary in order for the life insurance carrier to accept your application.

Savings bank life insurance change of beneficiary. American savings life insurance company 935 east main street suite 100 mesa az 85203 8849. Print out the form. Beneficiary information can only be changed by submitting a beneficiary change form. But if your primary.

1 the owner completes the beneficiary change form. The policyowner must date and sign the request for a beneficiary change. If other than insured in lieu of payment as now provided i hereby request that the net proceeds payable under each of the above policies in the even t of. Box 4048 woburn ma 01801 4048.

In addition we require all owner signatures for beneficiary change requests to be witnessed. If you would like to change the beneficiary designation on your policy. The savings bank mutual life insurance company of massachusetts instructions for ownership and or beneficiary change the following instructions are to assist you with the completion of the attached ownership and or beneficiary change form. In this situation both people have access to the funds in the account.

Insureds who are not policy or certificate owners may not complete this form. Download a policy beneficiary change form from below. Complete this form to request a change in the dividend option on your policy. Ownership and or beneficiary change request.

Complete this form to change ownership and or beneficiary of your policy if the policy was issued after may 1 1975. Adding beneficiaries to a checking or savings account you can add a beneficiary or a payable on death pod to most savings and checking accounts. A beneficiary designation however is different. Most people know they can have a bank account with more than one signer.

The savings bank mutual life insurance company of massachusetts beneficiary change form trust beneficiary designation policy number s. Dividend option change request. Sometimes your bank will ask for this information when you re opening a new account but they don t always. The witness must be a disinterested third party who is not the insured owner or designated as a beneficiary to the policy and is least 18 years of age.

Instead of sharing the account with another account holder setting up a this kind of designation is a form of estate planning that allows an account holder to leave a bank account s contents to a. Mail the form to the company home office. Please read these instructions carefully before completing the form.