Get Mysbli

Completing the Mysbli form accurately is essential for ensuring proper ownership and beneficiary designations for your life insurance policy. This guide will lead you through the process step-by-step to help you fill out the form effectively.

Follow the steps to complete the Mysbli form online.

1. Click the ‘Get Form’ button to access the form and open it for editing.
2. Begin with Section A for ownership change. Fill in the policy number(s) and the full names of new owner(s) along with their address, age, class (Class 1 for primary or Class 2 for contingent), relationship to the insured, and social security number.
3. If there are multiple owners, clearly indicate their respective classes. Remember, this designation revokes all previous ownership claims.
4. Proceed to Section B for beneficiary changes. List the full names and addresses of each beneficiary. Specify their class and social security number where applicable.
5. Indicate the percentage of benefits each beneficiary is to receive. Ensure that the total percentages equal 100%. If designating 'Children of the Insured', clarify that it includes only lawful children.
6. Both current and new policyowners must sign and date the form in the specified areas to validate the changes.
7. A witness, who is a disinterested third party and over 18 years of age, must also sign the form to confirm the signing process.
8. Review all filled sections for accuracy before finalizing the form. Once confirmed, you can save changes, download, print, or share the document according to your needs.

Complete your Mysbli form online today to ensure your ownership and beneficiary designations are updated.