Aaa Life Insurance Company Change Of Beneficiary Form. Children can't receive death benefits directly -- Be aware that life insurance companies won't pay benefits directly to children. Other names for the document: Beneficiary Change Form, Change of Beneficiary Letter, Form of Beneficiary Change, Form to Change Beneficiary, Letter of Beneficiary Change.

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You can name a guardian using a Uniform Transfers to Minors Act form but consult with a legal professional to make sure you get it right.
Your life insurance beneficiary receives the death benefit if you die while the policy is still active. In most circumstances, a life insurance beneficiary change is as easy as contacting your agent and filling out a new beneficiary form. They provide valuable income to families suffering from a death.