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How Do I Change the Beneficiary of My Personal Injury Settlement Payments

If you are receiving personal injury settlement payments that are paid out directly to yourself and you want to know if it is possible to change the beneficiary of your structured settlement or annuity payments then contact the specified insurance company that is currently making your monthly or future payments.

Ask them what their policy is for transferring or changing the beneficiary on your structure settlement payments. Each and every policyholder may have a different experience for why you are receiving the structured payments and there may be a reason why you are receiving the structure in your name.

Ask yourself why you are changing over the beneficiary. Are your payments guaranteed or life contingnent? There are a lot of factors that go into your settlement so make sure to talk with a financial advisor to ensure your change in beneficiary is being done for the right reason not due to pressure.