When changing beneficiaries, what is usually required of the policyowner?

When changing beneficiaries for a life insurance policy, the policyowner is commonly required to file a written request that includes their signature. This process ensures that there is a clear, documented record of the beneficiary change, which helps to prevent any potential disputes or misunderstandings in the future. The written request serves as an official notification to the insurance company, allowing them to update their records accurately.

Filing a written request is important because it provides legal validation and accountability regarding the change. It also ensures that the insurance company has the required authorization from the policyowner before making adjustments to the beneficiary designation. In many cases, insurance companies have specific forms that need to be completed for this purpose, reinforcing the necessity of a written submission.

While other options might seem plausible, they do not align with the standard practices of most insurance companies regarding beneficiary changes. The formal application process, phone notifications, or discussions about processing fees are less common in this context, making a written request the reliable answer.