How to Switch the Policyholder's Name on a Life Insurance Policy

To switch the name on a life insurance policy, you must submit a written request to the insurer, provide valid identification for the new policyholder, and sign a new application or endorsement. The insurer will review the request, verify the new holder's eligibility, and may require underwriting if the policy is non‑renewable.

1. Identify the Policy Type

Term, whole, or universal life policies each have specific procedures for name changes. Term policies often allow a simple endorsement, while whole life policies may require a new underwriting assessment.

2. Gather Required Documentation

Prepare the following:

• Current policy statement
• Proof of identity (driver's license, passport)
• Completed change‑of‑holder form from the insurer
• Any required medical or financial disclosures if underwriting is needed

3. Submit the Request

Send the documentation to the insurer's customer service or submit it online if the carrier offers an electronic portal. Some carriers also accept fax or mail.

4. Await Approval and Underwriting

The insurer will evaluate the new holder's credit score, health history, and risk profile. If approved, the policy will be re‑issued under the new name; if denied, the insurer will explain the reason and offer alternatives.

5. Review Updated Policy Documents

Once the name change is processed, the insurer will provide a new policy booklet and a revised policy statement. Verify that the new holder's name appears correctly and that all benefits and terms remain unchanged.

6. Consider Tax and Beneficiary Implications

A change of policyholder does not automatically alter the beneficiary list. Update beneficiaries separately if desired, and consult a tax professional if the policy's tax treatment may be affected.