The beneficiary of your policy can be changed at any time by the policy owner. Most beneficiary changes can be made by the policy owner using a Beneficiary Change Request Form, including:
- Designating an individual or multiple persons equally. Designating percentages when there are multiple beneficiaries can be done provided that the total of all percentages equals 100%. (Note: It is not recommended to name minors as beneficiaries, without designating a custodian or trustee.)
- Designating children of an individual entitles all present and future children, both born and legally adopted, to share equally. (Again, it is not recommended to designate minors as beneficiaries.)
- Designating the Insured's estate.
- Designating a trust.
- Designating a Corporation or Charity. SBLI requires the name, address, and taxpayer I.D. # for the Corporation or Organization.
If the beneficiary designation you want fits into one of the above categories, you need to complete the required Beneficiary Change Form.
If you are designating a Trust as beneficiary, you need to complete the Beneficiary Change Form - Trust Beneficiary Designation.
If you wish to speak with an SBLI representative, simply contact our toll free Call Center at 1-800-694-7254. Our representatives are available each business day, Monday – Friday, from 8:00 A.M. through 9:00 P.M. (EST).
Note: When contacting our call center, you will be requested to provide positive verbal identification as a policy owner.
Our mailing address is:
P. O. Box 4048
Woburn, MA 01888-4048