Updating Aarp Life Insurance Beneficiary Forms: A Step-By-Step Guide

AARP life insurance is a collaboration between the New York Life Insurance Company and AARP, offering financial security and protection to individuals and their families. To change your AARP life insurance beneficiary, you can either manage your beneficiaries online or by mail. To change your beneficiary online, log in to your account, click on My Account in the top navigation, and select My Beneficiaries. Alternatively, you can click on the Manage My Beneficiary link on the right side of the page. If you prefer to change your beneficiary by mail, you can download a Beneficiary Change Form, fill it out, and mail it to the New York Life Insurance Company at the address provided. It is important to provide detailed and accurate information, including the full legal name, address, telephone number, date of birth, and social security number of your beneficiary, to ensure a smooth process.

How to fill out the AARP beneficiary change form

To fill out the AARP beneficiary change form, follow these steps:

• Gather your information: To add or change your beneficiary, you will need to provide their full legal name, address, telephone number, date of birth, and social security number. This information will enable New York Life to locate your beneficiary faster, and it will remain confidential until the time of the claim.
• Request or download the form: You can request a change-of-beneficiary form from your policy administrator, or you can download the form from your provider's website.
• Make your desired changes: On the form, indicate the percentage (between 1 and 100) you would like the beneficiary to receive.
• Return the completed form: Submit the form to establish your desired changes. If you are mailing the form, send it to: New York Life Insurance Company, AARP Operations P.O. Box 30712 Tampa, FL 33630-3712.

Changing beneficiaries by mail

To change your AARP life insurance beneficiary by mail, you will need to follow these steps:

• Download the Beneficiary Change Form: You can download this form from the AARP website or request it from your policy administrator.
• Gather the necessary information: To add or change your beneficiary, you will need to provide their full legal name, address, telephone number, date of birth, and social security number.
• Complete the form: Fill out the form legibly, providing all the required information.
• Sign and date the form: Ensure that you sign and date the form to authorize the changes.
• Mail the form to the correct address: Send the completed, signed, and dated form to the following address:

> New York Life Insurance Company,

> AARP Operations

> P.O. Box 30712

> Tampa, FL 33630-3712

Update your records: Keep a copy of the completed form for your records and update your beneficiary information in your will or other relevant documents.

It is important to ensure that your beneficiary information is up-to-date to avoid any delays in processing benefits for your loved ones. You can also make these changes online by logging into your account and managing your beneficiaries through the website.

Adding a beneficiary

Step 1: Gather Necessary Information

First, ensure you have all the required information about your chosen beneficiary. This includes their full legal name, address, telephone number, date of birth, and social security number. Having this information readily available will make the process smoother.

Step 2: Obtain the Beneficiary Change Form

You can obtain the beneficiary change form in one of two ways. You can either request the form from your policy administrator, or you can download it directly from the AARP website. The form should be easy to find and accessible.

Step 3: Complete the Form

Once you have the form, carefully fill it out with the necessary details. Ensure your handwriting is legible if filling it out by hand. Provide your own personal information, such as your name, address, date of birth, and social security number. Additionally, include any relevant medical history and details of any pre-existing conditions.

Step 4: Review and Submit

Before submitting the form, take the time to review it for accuracy. Double-check that all the information provided is correct and make any necessary corrections. If you need to attach any supporting documents, such as medical records or financial statements, do so at this stage. Then, submit the completed form. You can choose to submit it online, through the mail, or by visiting an AARP representative in person.

Additional Considerations:

• Beneficiary Class: AARP life insurance offers three classes of beneficiary designations. The class designation determines the order in which beneficiaries are paid. It is important to understand this system and choose the appropriate class for your beneficiary.
• Minors as Beneficiaries: You can name a minor as your beneficiary. However, note that a life insurance company cannot make payments directly to a minor. Instead, the benefit can be paid into an interest-bearing settlement account on behalf of the minor. You will need to provide additional information, such as the minor's birth certificate, social security number, and caregiver/custodian contact information.
• Funeral Homes as Beneficiaries: In some states, you may be able to designate a funeral home as your beneficiary. This typically requires a completed Beneficiary Change Form and, in some cases, additional documentation. Consult an attorney or estate planner for guidance on this option.

Remember, adding a beneficiary is an important step in ensuring your loved ones are provided for according to your wishes. Take your time and ensure you have followed all the necessary steps and provided accurate information.

Deleting a beneficiary

Firstly, you will need to gather the necessary personal information. This includes your name, address, date of birth, and social security number. Ensure that you have all these details at hand before proceeding.

Next, you can choose to make changes to your beneficiary online or by mail. To make changes online, log in to your account and navigate to the "My Account" or "Manage My Beneficiary" section. From there, you will be able to delete your beneficiary. However, if you only have one beneficiary listed, you will need to add an additional beneficiary before deleting the original. This is a requirement by New York Life, who recommends having at least one beneficiary associated with your account.

If you prefer to make changes by mail, you will need to download, print, and complete the Beneficiary Change Form. This form can be found on the AARP website or your insurance provider's website. Sign and date the form, and then mail it to the following address:

New York Life Insurance Company,

AARP Operations

P.O. Box 30712

Tampa, FL 33630-3712

Alternatively, you can submit your request in writing by downloading and completing the Beneficiary Change Form and mailing it to the same address as above. This option may be preferable if you encounter any issues making changes online or if you simply prefer a more traditional method.

It is important to ensure that your beneficiary information is up to date to avoid any delays in processing benefits for your loved ones. By following these steps, you can easily delete a beneficiary from your AARP life insurance policy.

Managing beneficiaries online

To add or change a beneficiary, you will need to provide their full legal name, address, telephone number, date of birth, and social security number. This information remains confidential until the time of the claim. It is important to keep your beneficiary information up to date to ensure a smooth process for your loved ones.

If you prefer, you can also make changes to your beneficiary by mail. Download and print the Beneficiary Change Form, fill it out, and mail it to the following address:

New York Life Insurance Company,

AARP Operations

P.O. Box 30712

Tampa, FL 33630-3712

Additionally, you can request a change-of-beneficiary form from your policy administrator or download it from your provider's website. After making the desired changes, return the form to finalise the process.

Frequently asked questions