Annuity Policy Changes

Home/Annuity Policy Changes
Annuity Policy Changes 2016-11-07T19:39:40+00:00

Choose one of the following:

Call the Customer Service department at (800) 233-3750 ext. 503.

Fax, mail or email a written request (please indicate the contract number and whose address you are changing).

Complete and return the change notification slip attached to your premium billing envelope.


Complete a Contract Change Form: L-5454 and send it to us by mail, fax, or email.

Complete Ownership/Contingent Ownership Designation Form: L-5535 and send it to us by mail, fax, or email.

Please Note:

-When the current contract owner is a business or trust, the form must include the name of the business or trust, and the title of the person signing. The person who signs should not be the person insured or the person who will benefit from the change.

-After we have accepted and recorded the information on your owner designation form, the change will be effective the date the form was signed.

-Changing the ownership of a policy does not change the beneficiary.

-Changing the ownership of a policy does not change the payor.

-There may also be tax consequences to having your life insurance policies or annuities owned by a trust, or by other family members who will be the beneficiaries. You may want to consult your tax advisor prior to requesting a change in ownership.


Complete a Beneficiary Change Form: L-5514 and send it to us by mail, fax, or email. Here is some helpful beneficiary change information: Beneficiary Change Information Form: L-5514(i)


Questions?
Contact Customer Service

Phone: (800) 233-3750
ext. 503

Fax: (847) 850-3304

service@federallife.com

Email Customer Service