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Metropolitan Life Insurance Company BENEFICIARY DESIGNATION Please read Instructions on next page before completing this form. Do not erase or attempt to make corrections; use a new form. Name of

How to fill out life insurance beneficiary designation

How to fill out life insurance beneficiary designation:

1. Obtain the beneficiary designation form from your life insurance provider.
2. Fill out your personal information, including your full name, address, and contact details.
3. Specify the policy or policies for which you are designating a beneficiary.
4. Provide the beneficiary's full name, relationship to you, and their contact information.
5. Indicate the percentage or specific dollar amount you wish to assign to each beneficiary.
6. Review the form for accuracy and completeness before signing and dating it.
7. Submit the completed form to your life insurance provider as instructed.

Who needs life insurance beneficiary designation:

1. Anyone who has a life insurance policy should consider designating a beneficiary.
2. It is especially crucial for individuals who have dependents or family members who rely on their income for financial support.
3. Having a designated beneficiary ensures that the policy proceeds will be distributed according to your wishes after your passing.
4. Without a beneficiary designation, the insurance company may have to follow state laws to determine the distribution of benefits, which may not align with your preferences.
5. It is advisable to review and update your beneficiary designation periodically, especially after major life events such as marriage, divorce, birth of a child, or the death of a beneficiary.

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What is life insurance beneficiary designation?

Life insurance beneficiary designation is the act of selecting the person or entity who will receive the death benefit of a life insurance policy upon the insured's death.

Who is required to file life insurance beneficiary designation?

The policyholder or the insured person is required to file the life insurance beneficiary designation.

How to fill out life insurance beneficiary designation?

To fill out a life insurance beneficiary designation, you need to provide the name, relationship, and contact information of the designated beneficiary. You may also need to specify the percentage or amount of the death benefit the beneficiary will receive.

What is the purpose of life insurance beneficiary designation?

The purpose of life insurance beneficiary designation is to ensure that the death benefit from a life insurance policy is distributed according to the insured's wishes and financial planning goals.

What information must be reported on life insurance beneficiary designation?

The information that must be reported on a life insurance beneficiary designation includes the full name, relationship, and contact details of the designated beneficiary. Additionally, the percentage or amount of the death benefit the beneficiary will receive should be specified.