Who would receive your life insurance benefits and retirement savings if something happened to you?
Life changes quickly. That’s why it’s so important to keep your beneficiary designations up to date, especially if your family or relationship status looks different now than it did a few years ago. Five minutes today can save your loved ones time and worry in the future.
What is a beneficiary?
This is a person or organization you designate to receive your assets, both financial and physical, after your death. Your beneficiary doesn’t have to be a relative, and you can divide your assets among several people and organizations.
Why is it important to update my beneficiary?
Most people have funds and real estate they intend to pass on. How current your beneficiary information is can factor into where your assets actually go.
How do I update my beneficiary?
Update your Fidelity Investments and TIAA retirement accounts, as well as your MetLife life insurance policy, here. You must update each policy separately.
When should I update my beneficiary?
Life changes are a good time to reevaluate your beneficiaries. Consider updating when you:
Marry or enter a domestic partnership/civil union
Have or adopt children
Experience the death of listed beneficiaries
Keeping your beneficiary information updated is crucial to ensuring your lifetime of assets go to those you choose.