Does the Beneficiary of a Term Life Policy Have to Have a Social Security Number?
Term life insurance is a type of life insurance that provides basic death benefit protection in exchange for premium payments. As long as the policy is in force when you die, your beneficiary will receive the death benefit. When naming a beneficiary, the life insurance company will ask for some information about the beneficiary. Part of that information may include the beneficiary’s Social Security number. While the beneficiary does not need to have a Social Security number, there may be some benefit to giving it to the insurer anyway.
