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Update Your Beneficiaries

Making sure to update your beneficiaries ensures that your money goes where you want it to.

Any time you have a major life event, it's a good time to review all your policies and make sure your beneficiaries are current.

What's a beneficiary?

A beneficiary is someone who you’ve designated to receive something, like your life insurance policy. Another way to think of it is like an inheritor. It’s a good idea to make sure your beneficiaries are up to date so that you can be sure the right person is getting what you want them to.

Which beneficiaries should I update?

Anything you have that has a beneficiary should be updated regularly. Here are a few things that have beneficiaries:

  • Savings accounts
  • Checking accounts
  • Certificates of Deposit (CDs)
  • IRAs
  • Life insurance
  • Disability insurance
  • Mutual funds
  • Annuities

How do I update my beneficiaries?

The easiest way to do this is to come into any NWCU branch to meet with a Member Service Specialist or Financial Consultant. All account owners must sign when updating or changing beneficiaries, which is why a branch visit is easiest.

If you’re not able to make it in to a branch, give us a call at (800) 452-9515. We can send you a signature card to sign. Once you mail it back to us, we can make the change to your account beneficiary.