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Life Insurance FAQs - Beneficiary

What is a beneficiary?

The beneficiary is the party that receives the proceeds from the policy upon the death of the insured. Therefore, the insured can never be the beneficiary.

Who is the beneficiary of my life insurance policy?

You may call our Customer Service Center to confirm the names of your beneficiary(ies). If immediately available, the information will be provided to you after you answer a few questions proving your identity as the policy owner.

In some cases, we may be required to return your call with the information after our records have been reviewed.

What is a beneficiary class?

The beneficiary class allows the owner to assign an order to who will receive the life insurance proceeds upon the death of the insured.

  • Primary Beneficiary – If living at the time of the insured’s death, the first person(s) to receive claim proceeds.
  • Secondary Beneficiary - If all Primary beneficiaries are deceased at the time of the insured’s death, then the secondary beneficiaries will receive the claim proceeds.
  • Tertiary Beneficiary - If all Primary and Secondary beneficiaries are deceased at the time of the insured’s death, then the Tertiary beneficiaries will receive the claim proceeds.

If all designated beneficiaries are deceased at time of the insured’s death, then the claim proceeds will be paid to the Estate of the insured.

How do I change the beneficiary on my life insurance policy?

Complete the Change of Beneficiary section of a Policy Change Request Form. Assign the beneficiary class and split percentage. All policies must have a Primary beneficiary class listed before a Secondary, and subsequently, a Tertiary class can be added. The total split percentage for each class must equal 100%.

Mail the completed and signed form to our  Customer Service Center. Changes are effective on the date of receipt at our home office.

We will send confirmation of your beneficiary change to you at your address of record.

Can I add or remove a beneficiary from my current beneficiary designation?

Yes, but you must submit a complete listing of your beneficiaries that you want to receive the claim proceeds, not just the additions or deletions.

Each change of beneficiary received replaces any previous designations that were made.


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© Copyright Vantis Life Insurance Company, Windsor, Connecticut - All Rights Reserved.

Vantis, Vantis Life, and A better life experience are registered trademarks of Vantis Life Insurance Company.

Life insurance and annuities issued by Vantis Life Insurance Company, Windsor, CT (all states except NY) and by Vantis Life Insurance Company of New York, Brewster, NY (NY only). Products not available in all states and state variations may apply.