A trust nomination allows you to nominate your spouse and/or children as beneficiaries of your policy. Once a trust nomination is made, the policy benefits will belong to the nominated beneficiaries.
Please ensure that:
Important: Once a trust nomination is made, you will no longer have full rights over the policy and the consent of all beneficiaries may be required for certain policy transactions.
Learn more about the difference between trust and revocable nominations here.
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You may nominate your spouse and/or children as beneficiaries.
No. If you wish to add a new beneficiary, you must first remove your existing trust nomination before submitting a new trust nomination with the updated list of beneficiaries.
To revoke your existing trust nomination, please submit the relevant form available on Manage Your Policy Beneficiaries page.
Yes. You can make changes to your trust nomination by submitting the relevant form available on Manage Your Policy Beneficiaries page.
The form required may differ depending on whether you are adding or removing a beneficiary and whether at least one trustee will remain under the policy after the change.
The policy owner, all trustee(s), and two witnesses (signatories) are required to sign the form. Ensure all signatures are provided in wet blue ink.