A life insurance policy is designed to benefit your closest loved ones after you die. It can cover expenses such as funeral costs, lost wages, and repaying the mortgage on your home. However, life changes such as marriage, divorce, the birth of a child, or the death of a family member may call for changes to your policy to ensure the policy remains relevant to your current situation. 

How to Change a Beneficiary

Unless the beneficiary is irrevocable (in which case you’ll need that person’s permission to remove his or her name from the policy), you have full authority to change the beneficiary at any point in time. To start the process, contact your life insurance company to let them know you want to change the name of your policy beneficiary. Your agency will then send you a form you need to fill out. Provide the requested information and double-check the form before sending it in, as even a small mistake can cause huge problems later on. Your insurer should let you know that they’ve gotten the form and confirm that your policy has been changed in accordance with your wishes.

Parkersburg, WV policyholders can change a life insurance policy as often as necessary. In fact, it’s a good idea to regularly review your policy to ensure all information is up-to-date. Life changes, financial changes, and career changes may call for policy changes to ensure beneficiaries receive the financial help they need upon your passing.

Call Curtis Miller Insurance for More Information

The Curtis Miller Insurance team is dedicated to helping people in and around Parkersburg, WV find insurance that meets their needs and budget. Call us to find out more about our life insurance policy options or to start the process of buying coverage.