You caught your spouse in a passionate embrace with your brother. Your son lost a fortune betting on the ponies. Your daughter eloped with a guy named Snakes. Your sister’s chili tasted like bitter almonds. Your parents made the mistake of eating that chili. If any of that happens, it’s time to change the beneficiaries on your life insurance! But how?
When to Change the Beneficiary
It isn’t just the catastrophes mentioned above that might prompt you to change the beneficiaries on your life insurance. A new marriage means a new person to acquire life insurance. If this new marriage comes with stepchildren, or you have your own or adopt, they can also be listed as beneficiaries. Once a minor beneficiary turns 18, some changes might have to be made. If you move out of state or country, you may have to make a few changes to your life insurance to suit local laws. In any case, you must keep all the info regarding your beneficiaries updated to make sure that benefits are paid according to your wishes.
How to Do It
It’s pretty easy. All you have to do is call your agent and tell them you want to change the beneficiary. You can do this at any time. Your agent will walk you through the form you need to fill out. It may be done online. Remember that if you name a minor as a beneficiary, you will have to call an adult to handle it for them.
Life Insurance from EasTex Insurance Serving Tyler, TX
If you need life insurance and live in the Tyler, TX area, call EasTex Insurance today. Our friendly and knowledgeable agents will help you get what you want.
