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Change of Beneficiary Request (Insurance)

A form requesting a change in the beneficiary of an insurance policy

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Service Description

A Change of Beneficiary Request is a legal document that is used to change the beneficiary of an insurance policy. It is important to note that the beneficiary is the person or entity who will receive the benefits of the insurance policy in the event of the policy holder’s death. This document allows the policy holder to choose a new beneficiary or to update the current beneficiary information.

When filling out a Change of Beneficiary Request, it is essential to provide accurate and up-to-date information about the policy holder and the new beneficiary. This includes the full name, address, date of birth, social security number, and relationship to the policy holder. It is also important to specify the type of insurance policy and the policy number, as this will ensure the change is made to the correct policy.

Once the Change of Beneficiary Request is completed, it must be signed and dated by the policy holder. If there are any changes to be made to the policy, such as changing the coverage amount or the type of insurance, the policy holder should indicate this in writing on the form. This will ensure that the policy is updated correctly and that the new beneficiary is aware of any changes.

It is important to note that the Change of Beneficiary Request must be submitted to the insurance company in order for the change to be made. The insurance company will review the request and make the necessary changes to the policy. It is recommended that the policy holder keep a copy of the form for their records, as well as informing the new beneficiary of the change.

In conclusion, a Change of Beneficiary Request is an essential legal document that allows the policy holder to update the beneficiary information on their insurance policy. It is important to provide accurate information and to ensure that the form is signed and dated. By submitting the form to the insurance company, the policy holder can ensure that their wishes are carried out and that their loved ones will be taken care of in the event of their passing.

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