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Life Insurance

Can I change my beneficiary after buying a life insurance policy?

Yes, in most cases you can change your beneficiary at any time simply by contacting your insurance company and submitting a beneficiary change form — no medical underwriting is required to make this change.

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The one exception is if you've designated an "irrevocable" beneficiary, which requires that beneficiary's written consent to change, though this is uncommon and usually only used in specific legal or divorce-related situations.

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It's a good habit to review your beneficiary designations after major life events like marriage, divorce, a new child, or the death of a previously named beneficiary.

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