Who would receive your life insurance benefits and retirement savings if something happened to you?

Your savings through retirement accounts, annuities and life insurance policies are meant to benefit the people and organizations that mean the most to you. Keeping your beneficiary information updated is crucial to ensuring your lifetime of assets go to those you choose. 

What is a beneficiary?

This is a person or organization you designate to receive your assets, both financial and physical, after your death. Your beneficiary doesn’t have to be a relative, and you can divide your assets among several people and organizations.

Why is it important to update my beneficiary?

Most people have funds and real estate they intend to pass on. How current your beneficiary information is can factor into where your assets actually go.

How do I update my beneficiary?

You need to designate and update your beneficiaries separately with each of the following, if you are enrolled:

• MetLife (life insurance plans)
• TIAA (retirement savings plans)
• Fidelity Investments (retirement savings plans)

Update your Fidelity and TIAA retirement accounts and your MetLife life insurance policy. Keep a copy of all beneficiary designations and review them periodically.

When should I update my beneficiary?

Life changes are a good time to reevaluate your beneficiaries. Consider updating when you:

• Marry or enter a domestic partnership/civil union
• Divorce
• Have or adopt children
• Experience the death of listed beneficiaries

Take five minutes today to review your beneficiary designations. Save your loved ones time and worry in the future. Learn more about updating your beneficiary.