How to Update a Primerica IRA Beneficiary
Your IRA beneficiary will receive the proceeds of your IRA after you pass away. Making sure that your beneficiary designations are up to date is something you should not neglect. Primerica is a financial services company that sells life insurance and other investments through a multi-level marketing structure. IRAs offered through Primerica are like any other IRA that you can purchase from a brokerage house. When you want to change the beneficiary information on your Primerica IRA, you will need to know the correct process for doing so.
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Instructions
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Call Primerica or your Primerica agent. You can call Primerica's customer service department at (800) 544-5445 or in writing.
Primerica, Inc.
3120 Breckinridge Blvd.
Duluth, GA 30099
primerica.com
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Request a change of beneficiary form for your IRA from the customer service agent. A change of beneficiary form will allow you to name new beneficiaries for your IRA.
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Fill out the change of beneficiary form and return it to Primerica. The form will ask for your name, address, Social Security number and other personal information. Make sure that your new beneficiary understands that she is the beneficiary for your IRA. While it is not mandatory that you get permission before appointing a beneficiary, it's generally a good idea.
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Tips & Warnings
When naming a beneficiary, it is generally best to name an actual person rather than leaving the IRA to your estate. Naming a beneficiary will allow the IRA account to bypass probate so that your heirs can take receipt of the funds quickly after your death.
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