What is a beneficiary, and who can be one?

A beneficiary is the person or entity you name in a life insurance policy to receive the death benefit. You can name:

  • One person
  • Multiple people, up to ten.
  • The trustee of a trust you’ve set up
  • A charity
  • Your estate

If you don’t name a beneficiary, the death benefit will be paid to your estate.

How do I name my beneficiary or beneficiaries?

After you have had your onboarding to YuLife you will receive a form to nominate beneficiaries, just fill this in and send it back to us to at beneficiaries@yulife.com 

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