What information should I provide for a beneficiary?

Use accurate legal names, relationships, birth information when requested, percentages, and current contact details. For this insurance planning decision, the policy form generally controls, so names, percentages, relationships, and contact information should be kept current. As part of the policy review, a life insurance beneficiary is the person or organization designated to receive the death benefit. Review beneficiary choices alongside the estate plan and the insurer's records, because the policy generally pays according to the designation on file.