Change of Ownership Form for Kemper Life Insurance Company

Why the Form Matters

The Kemper Life Insurance change of ownership form is the official vehicle for transferring policy ownership. Whether you're gifting a policy, selling it, or designating a new owner after a death, the form ensures the insurer records the change accurately and updates beneficiary information.

Key Components of the Form

The form typically includes:

• Policy number and current owner details
• New owner's name, address, and contact information
• Relationship between parties (e.g., parent, spouse)
• Effective date of ownership transfer
• Signature blocks for both parties

Supporting Documentation

To avoid delays, attach:

• Valid photo ID for the new owner
• Death certificate if the transfer follows a death
• Gift letter or sale agreement, when applicable

Filing Instructions

Send the completed form to Kemper's Policy Services department by mail or fax. The mailing address is:

Policy ServicesKemper Life Insurance CompanyP.O. Box 1222Champaign, IL 61801-1222

Fax: (217) 555-1234. If filing electronically, log into your Kemper portal and upload the PDF.

Timing and Effective Date

The change becomes effective on the date specified in the form, provided all documents are received within 30 days. Delays in submission can postpone the transfer and affect premium calculations.

Common Pitfalls to Avoid

Errors such as misspelled names, incorrect policy numbers, or missing signatures often trigger rejections. Double‑check every field and keep a copy for your records.

After the Transfer

Once processed, Kemper will issue a new policy statement reflecting the new owner. Verify that beneficiary designations remain accurate, as they are not automatically updated by the ownership change.

When to Seek Assistance

If the policy is part of a complex estate plan or involves multiple parties, consider consulting a financial advisor or attorney before filing.