Beneficiary checklist

0 of 8 complete

• Name a primary beneficiaryThe person or entity who receives the benefit first.
• Name a contingent beneficiaryA backup if the primary cannot receive it.
• Consider minor children carefullyMinors usually cannot receive proceeds directly; talk with an attorney about a trust or guardian arrangement.
• Think about a trust or estate needsFor larger estates or specific wishes, an attorney can advise on trusts.
• Use full legal names and detailsInclude full names, relationships, and dates of birth to avoid confusion.
• Confirm percentages add up to 100%If naming multiple beneficiaries, check the shares total 100%.
• Review after major life eventsMarriage, divorce, a new child, or a death are good times to review.
• Keep beneficiary info with your recordsMake sure a trusted person knows where to find your policy details.