Can I assign the term life insurance benefit to a funeral home?

If the beneficiary(ies) wants to assign the term life insurance benefit to a funeral home, a completed and signed assignment form must be submitted to GuideStone with the term life insurance claim. Each funeral home has their own assignment form and the beneficiary must sign their assignment form.

The funeral home’s standard form is acceptable as long as it states an exact dollar amount and the form is signed by each beneficiary. The remaining benefit, if any, will be payable to the beneficiary or beneficiaries.

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