Beneficiary reviews help you spot choices that no longer fit your family circumstances. Review them periodically instead of assuming the selections made when you opened an account still reflect your wishes.

Include all relevant assets in beneficiary reviews

Insurance policies, retirement accounts, annuities, and certain financial accounts may allow beneficiary designations. Keep a list so you can review every account.

Check primary and contingent beneficiaries

Contingent beneficiaries provide a backup if the primary beneficiary cannot receive the asset. Review both levels.

Confirm names and identifying information

Outdated names, incomplete information, or missing records can complicate administration. Follow each institution’s requirements for updating beneficiary data.

Coordinate with estate planning documents

Review beneficiary designations and estate documents together because they may control different assets. Legal counsel can address conflicts or complex estate situations.

Use life events to prompt beneficiary reviews

Marriage, divorce, a new child, death in the family, remarriage, business changes, or major financial planning updates are good reasons to review beneficiary choices.

Review financial decisions against your goals and available resources. Get legal or tax guidance when the decision calls for it.

Start here

Request the beneficiary information currently on file for each account or policy. Check it against your wishes and complete any updates through the institution’s required process.

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