How do I set or change my beneficiary on a group life insurance policy?

Changing your beneficiary on a group life insurance policy is a straightforward administrative process — typically completed through your HR department or the plan's online portal. The general process involves completing a beneficiary designation form with the beneficiary's name, Social Security number, relationship, and percentage of benefit.

Important: beneficiary designations on group policies are separate from your will and other estate documents. Your will does not control who receives your life insurance death benefit — the beneficiary designation on file with the carrier does. Keep these updated independently.

Critical life events that should trigger a beneficiary review: marriage or remarriage, divorce, death of a previously named beneficiary, birth of children, or any significant change in family relationships. Do not assume the HR system updates automatically.

In Nevada, a divorce does not automatically revoke a former spouse as beneficiary on a group policy — some federal regulations (ERISA) actually protect the named beneficiary regardless of divorce. Updating the designation explicitly is the only reliable approach.

Always name a contingent beneficiary in case your primary beneficiary predeceases you. And never name a minor child directly — use a custodian or trust. Contact your HR department or the plan carrier to understand the specific process for your employer's plan.