Can I add additional beneficiaries to my life insurance policy?

Asked a year ago
Yes, you can add additional beneficiaries to your life insurance policy with CMFG Life Insurance. Adding beneficiaries ensures that the death benefit proceeds are distributed according to your wishes. To add an additional beneficiary, you will need to complete a beneficiary designation form provided by CMFG. This form allows you to name the beneficiaries, specify the percentage of the death benefit they should receive, and provide their contact information. It is important to regularly review and update your beneficiary designation to reflect any changes in your personal circumstances. CMFG Life Insurance recommends consulting with a legal or tax advisor for assistance in determining the best way to designate beneficiaries based on your specific situation.
Christian Allen is the editor / author responsible for this content.
Answered May 3, 2024

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