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  1. Financial Wellness
  2. Retirement
  3. Update Your Beneficiaries

Update Your Beneficiaries

Making sure to update your beneficiaries ensures that your money goes where you want it to.

Any time you have a major life event, it's a good time to review all your policies and make sure your beneficiaries are current.

What's a beneficiary?

A beneficiary is someone who you’ve designated to receive something, like your life insurance policy. Another way to think of it is like an inheritor. It’s a good idea to make sure your beneficiaries are up to date so that you can be sure the right person is getting what you want them to.

Which beneficiaries should I update?

Anything you have that has a beneficiary should be updated regularly. Here are a few things that have beneficiaries:

  • Savings accounts
  • Checking accounts
  • Certificates of Deposit (CDs)
  • IRAs
  • Life insurance
  • Disability insurance
  • Mutual funds
  • Annuities

How do I update my beneficiaries?

The easiest way to do this is to come into any NWCU branch to meet with a Member Service Specialist or Financial Consultant. All account owners must sign when updating or changing beneficiaries, which is why a branch visit is easiest.

If you’re not able to make it in to a branch, give us a call at (800) 452-9515. We can send you a signature card to sign. Once you mail it back to us, we can make the change to your account beneficiary.