Transamerica Beneficiary Form – Fill Out and Use This PDF

Be sure to show the Policy Number and Insured's Name at the top of the form.

Write the Owner's Name, Address and City State Zip. Check if new address update is needed.

Written confirmation of this change, if recorded by the Company, will be mailed to the owner's address unless otherwise indicated and initialed by the owner. To indicate otherwise, fill in Return confirmation to: General Agency/GA Code or Fax to, and the Owner's Initial.

Print the beneficiary's full name, address and relationship to the Insured. The Policy's death benefit will be paid to multiple beneficiaries in equal shares unless otherwise indicated. For multiple beneficiaries of unequal shares, indicate each beneficiary's share in percentage of the Policy's Death Benefit next to their names. If more than one beneficiary is named, and any beneficiary(ies) predecease the Insured, payment of the share(s) that would have been payable to the deceased beneficiary(ies) will be made in equal shares to the surviving beneficiary(ies) unless otherwise indicated. Percentage for both the primary and contingent beneficiary, if applicable, must separately equal 100%. Please see instructions, signature requirements, special provisions, and sample Beneficiary Designations before completing the form. If this form is recorded by the Company, such recording does not mean that the Company has passed on the legal adequacy or validity of the transaction requested. See next page for additional instructions.

Do not specify dollar amounts.

Two beneficiaries in unequal amounts: Primary: Jane Doe, Mother 75%; John Doe, Brother, 25%

If additional space is required, please attach a separate page (including Policy Number, Date Signed, and Owner's Signature.)

Contingent Beneficiary(ies): Receives proceeds at the death of the Insured only if all of the Primary Beneficiaries predecease the Insured.

Primary beneficiaries should total 100% and contingent beneficiaries should independently total 100%.

Write the Owner's Daytime Telephone Number and Print Owner's Complete Name.

Write the Owner's Social Security Number/Tax ID Number.

Sign on the Owner's Signature line (include Title, if Business or Trust).

Enter the Date Signed, and the Address of Witness if a witness signs.

BUSINESS ENTITY: One officer other than the Insured must sign under the name of the company.

The officer's title (President, General Manager, Vice President, Secretary, etc.) must follow the signature.

A corporate resolution or other supporting documentation is required to support each officer's signature.

If the insured is the sole officer of the company, the Company will require a statement on company letterhead signed and dated by that officer and witnessed by a least one other person, that the insured is the sole officer and that he/she is authorized to act on behalf of the company.

If a partnership is the owner, at least two authorized partners must sign under the name of the partnership and the title “Partner” must follow each signature.

TRUST - The complete name and date of the trust should be listed.

Individual trustees must sign and add wording similar to the following: “John Doe, trustee under XYZ Trust dated June 1, 1984.”

Corporate Trustees must sign and add wording such as “ABC Bank, trustee under XYZ Trust dated June 1, 1984; John Doe, Trust Officer”, and a corporate resolution or other supporting documentation is required to support each corporate trustee officer's signature.

For changes to trust owned policies, a completed Verification of Trust Agreement for Life Insurance Policies (dated within the previous twelve (12) months) must be submitted with the applicable change form.

IRREVOCABLE BENEFICIARIES - Any irrevocable beneficiary must sign subsequent beneficiary designation changes and may be required to sign other requests for changes to or disbursements from the Policy.

GUARDIAN OR CONSERVATOR - A court-appointed guardian of the estate or conservator may sign on behalf of the Owner.

Certified copies of the letters of guardianship/conservatorship and/or the court order that authorizes the change must also be submitted.

AGENT ACTING UNDER A POWER OF ATTORNEY - An agent acting under a power of attorney may sign on behalf of the Owner.

A complete copy of the Power of Attorney document, the Questionnaire to Accompany Power of Attorney, and the Affidavit of Agent for Power of Attorney must be submitted by the agent.

COLLATERAL ASSIGNMENTS - If the Policy has been assigned, a representative of the collateral assignee must also sign the form.

A corporate resolution should be provided if the assignee is a business entity, subject to the Business Entity signature requirements.

Payment of proceeds to any beneficiary is subject to the interest of any assignee on the Policy.

IF A BENEFICIARY DIES - The interest of any beneficiary who dies before the Insured will terminate at his/her death.

The interest of any beneficiary, who dies at the time of, or under certain policies within 30 days after, the Insured's death, will also terminate if no proceeds have been paid to the beneficiary.

If the interest of all named beneficiaries has terminated (including contingent beneficiaries, if named), any proceeds payable will be paid to the Owner of the Policy.

If the Owner is not living at that time, any proceeds payable will be paid to the executor or administrator of the Owner's estate.

Any payment to a minor beneficiary shall be made to the legally appointed guardian of the estate or conservator of the minor, unless otherwise permitted by law.