Steps to Update Beneficiary Information on Your Policy

Naming the correct beneficiary on your insurance policy ensures your coverage goes to the right person when needed. Whether it’s a home, auto, life, or business policy, updating beneficiary information should be done carefully and promptly. Here’s how to do it right—with expert help from THAgency.

1. Understand Why Updating Beneficiaries Matters

• Life changes fast: marriage, divorce, births, deaths, or new partner arrangements

• Legal accuracy: outdated info can cause payment delays or disputes

• Avoiding unintended inheritance: ensures your benefits go to the people or organizations you intend

2. Gather the Required Information

Before starting, prepare:

• Policy number and type (e.g. life, business key-person, etc.)

• Full legal name, date of birth, and contact details of the new beneficiary

• Relationship to the policyholder

• Allocation percentage if naming multiple beneficiaries

• Social Security number or identification (if required)

3. Contact THAgency to Initiate the Change

To update beneficiary details:

• Call or email your agent and request a beneficiary change

• Provide complete info about the new beneficiary

• If removing or changing existing beneficiaries, clarify the reason

• Ask for guidance on the correct form or portal usage

4. Complete the Official Change Form

THAgency will provide:

• A beneficiary change form or secure online portal

• Where to submit the new details

• Signature instructions and whether notarization or witnesses are needed

Ensure the form is legible, accurate, and fully signed for a valid update.

5. Submit the Form and Check Confirmation

Once submitted:

• THAgency confirms receipt with the insurer

• Wait for written confirmation or updated documents listing the new beneficiary

• Store a copy of the confirmation with your important records

• Verify the change is reflected in the policy

6. Review Related Accounts Regularly

Double-check if other accounts or contracts require updates—e.g.:

• Retirement plans

• Employee benefits

• Trust documents

• Business succession plans

Updating beneficiaries consistently helps prevent conflicts.

7. Periodically Revisit Your Beneficiary Choices

It’s a good practice to review beneficiary designations whenever you:

• Marry or divorce

• Have a child

• Move or change residency

• Update business ownership or partnerships

THAgency can set reminders to ensure your designations remain accurate over time.

Final Takeaway

Updating beneficiary information is a simple yet vital task—protecting your loved ones, honoring your intentions, and avoiding future disputes. With THAgency’s expert support, you’ll complete the process correctly and confidently.

Need to Update Your Beneficiary? We’re Here to Help

Contact THAgency today for a free beneficiary update review. We’ll guide you through each step, confirm completion, and ensure your policy protects who matters most.