Can I change the beneficiaries on my life insurance policy? How?

Yes, you can change the beneficiaries on your life insurance policy. To do so, you need to contact your insurance provider and inform them about the desired changes. They will guide you through the process and provide the necessary paperwork to fill out. Generally, you will be required to provide the full names and contact information of the new beneficiaries, along with their relationship to you. Additionally, you may need to specify the percentage of the death benefit each beneficiary is entitled to receive. It is important to review and update your beneficiaries periodically, especially during significant life events such as marriage, divorce, or the birth of a child. Regularly updating your beneficiaries ensures that your life insurance coverage aligns with your current wishes and financial circumstances.