Beneficiary Designation
When an AAFMAA member passes, the death benefit from their policy is paid to the surviving beneficiaries. If shares are designated, any unpaid shares to deceased beneficiaries will be divided among the surviving entitled beneficiaries unless otherwise stipulated. No payment will be made to any contingent beneficiaries unless all primary beneficiaries are deceased. If no beneficiaries are living at the insured’s death, the benefit will be paid to (or to the estate of) the owner.
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Only the policy owner is authorized to designate and change beneficiaries
The owner can designate any individual(s), legal entity or estate
The owner may change the beneficiary designation at any time prior to the death of the insured and without the consent or knowledge of the beneficiaries
If the prior designation contains an irrevocable beneficiary, that beneficiary must approve the change in writing
In cases of a court order, an amended court order must accompany the AAFMAA Beneficiary Designation form
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Once completed the Beneficiary Designation form, you can fax it to the Beneficiary Assistance Team at 1-888-210-4882 , email to us at PolicyServices@aafmaa.com, or mail to AAFMAA at 1856 Old Reston Avenue, Suite 200, Reston, VA. 20190.