Life insurance is a safety net, one that protects your family in the event of your death. Regardless of how you get started with a life insurance policy, you want to make sure your loved ones – especially your spouse – are on the policy. When your life changes (you get married, divorced, have kids, etc.), you should make changes to your life insurance policy to reflect who you want your life insurance policy to benefit.
Just got married? You’ll definitely want to add your new spouse as a beneficiary to your life insurance policy. Not only will this protect him or her in the event of your death, but the benefits of your policy will not have to go through probate. A spouse who is a beneficiary of your life insurance policy will be entitled to his or her benefits from that policy immediately after your death. But, your life insurance company won’t know to include your spouse unless you request to add him or her.
By using our free Life Insurance Beneficiary Change Request (Spouse) form, you can sidestep the headache of dealing with your life insurance company informally and even determine if your spouse should share equally with your other beneficiaries.