How to use a beneficiary planner

Get your affairs in order and organized for your loved ones

Elissa

By 

Elissa Suh

Elissa Suh

Senior Editor & Disability Insurance Expert

Elissa Suh is a senior editor and disability insurance expert at Policygenius, where she also covers wills, trusts, and advance planning. Her work has appeared in MarketWatch, CNBC, PBS, Inverse, The Philadelphia Inquirer, and more.

Published January 21, 2022 | 1 min read

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From making burial arrangements to closing out bank accounts and claiming life insurance, there are a lot of things to sort out when someone dies. However, it may be a difficult task for the people and loved ones you leave behind to access all of your information or even know what to look for — that’s where a beneficiary planner comes in. 

What is a beneficiary planner?

A beneficiary planner is a document you can fill out with all your important personal and financial information to help your future beneficiaries after you pass away. 

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Many times a beneficiary is also your executor — the person who is legally responsible for managing and administering your estate and disbursing your assets  — so this planner can pull double duty as an informational packet for them as well. 

Beneficiary planner template

Policygenius free beneficiary planner

→ Download this free beneficiary planner

Who are my beneficiaries?

A beneficiary is whoever you choose to receive your assets. They can be a family member, friend, and even a business or charity. As part of your estate plan, it's also a good idea to have a few backup or contingent beneficiaries.

You can leave money and personal possessions to your beneficiaries with a will, which also allows you to name a guardian for any minor children.

→ Make a state-specific will with Policygenius for free using attorney-approved tools