With storm-force winds and heavy precipitation forecast for Thursday, 28th January,
we advise that you secure your property and take all necessary precautions.
We encourage all boat owners to check on their vessels.
Please note our online Marine Quote and Buy service is suspended at this time
Call us on 295 5566/Option 4 for assistance.
For customer service and all business inquiries, call +1 441 295 5566  ◦  For website support or to set up an online account, call +1 441 298 0301

The application process for a one-time Pension refund per the Covid-19 Pension Act Amendment is NOW OPEN.  Click here to apply

Back to FAQs

Who should I name as my beneficiary?

Your beneficiary should be someone dependent on you for financial support, such as a spouse or child. Your life insurance benefit can also be assigned to a corporate entity, such as a bank, in order to cover financial obligations like a mortgage or loan in the event of your death. You can even designate more than one person as your beneficiary and advise how you wish the benefit to be divided.

Your beneficiary should be reviewed regularly and can be changed with proper notification in the event of changes to your circumstances. Only the policy owner can make changes to the designated beneficiary and this must be done in writing using the policy change form.

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