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For customer service and all business enquiries, call +1 441 295 5566  |  For website support or to set up an online account, call +1 441 298 0301

The application process for the one-time Pension Withdrawal of up to $6,000 per the COVID-19 Pension Act Amendment is open. Click here for details or to apply
For questions regarding the pension withdrawal, call +1 441 298 0358 or email customercare@bfm.bm

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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