As the owner of an insurance policy, you may want to make changes to your beneficiaries. Usually the insurance policy, an insurance company rule, or a state law requires that certain formalities be observed to effectuate the change of a beneficiary. For example, an insurance company may require that an owner use a company form to change a beneficiary. An owner may also be required to enclose the actual insurance policy with the letter requesting a change of beneficiary. You should consult your insurance agent to determine whether such formalities apply to you. A letter to an insurance company regarding a change of beneficiary should include the following information: - Policy Number
- Insured's Name
- Owner's Name
- Name of the Primary Beneficiary (This can be either a proper name, like Jane Davis, or a categorical designation, like "my children.")
- Name of the Contingent Beneficiary (This can be either a proper name or a categorical designation.)
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