What is a beneficiary? Do I need to designate a beneficiary?
A beneficiary is a person, trust, or organization that receives the monetary benefit of a life insurance policy should something happen to you. Designating a beneficiary(s) provides a smoother transaction when settling an estate among your survivors. The payment of any benefit shall be made to the beneficiary on record. This beneficiary designation may be changed at any time. If you would like to make changes to your beneficiaries, please use the Beneficiary Form - Securian (PDF).