Get the free Change of Beneficiary form (22 KB - PDF ) - BMO.com

BMO Life Assurance Company 60 Yong Street, Toronto, ON M5E 1H5 1-800-387-9855 Fax: 416-362-6845 CHANGE OF BENEFICIARY Policy Number(s): Policy Owner/Life Insured: Please state the full name and relationship

How to fill out change of beneficiary form

How to fill out change of beneficiary form?

1. Review the form: Start by carefully reading through the change of beneficiary form. Familiarize yourself with the required information and any specific instructions provided.
2. Gather necessary information: Gather all the necessary information that will be required to complete the form. This may include your personal details, such as name, contact information, and social security number, as well as the details of the original beneficiary and the new beneficiary.
3. Specify the policies/accounts: Clearly indicate which policies or accounts the change of beneficiary applies to. Provide the policy or account numbers to ensure accuracy.
4. Determine the new beneficiary: Clearly state the name and contact information of the new beneficiary. If applicable, provide their relationship to you as well. Double-check the accuracy of the information provided.
5. Sign and date: Sign and date the form where indicated. Ensure your signature matches the name provided on the form and the date reflects the date of completion.
6. Submit the form: Once you have filled out the form completely and accurately, submit it to the appropriate entity. This may vary depending on the specific policy or account involved. Follow any additional submission instructions provided or consult with the relevant institution for guidance.

Who needs change of beneficiary form?

1. Individuals with insurance policies: Those who hold life insurance, health insurance, or other insurance policies may need to fill out a change of beneficiary form to update the designated recipient of benefits.
2. Retirement account holders: Individuals with retirement accounts, such as 401(k) or IRA, may need to complete a change of beneficiary form to designate who will receive the account's funds in the event of their death.
3. Trust and estate planning: Individuals with trusts or involved in estate planning may need to update the beneficiaries of these legal arrangements by completing a change of beneficiary form.
4. Investment account holders: People who have investment accounts, such as mutual funds or brokerage accounts, may need to change the beneficiaries of these accounts using a change of beneficiary form.

Note: The need for a change of beneficiary form may vary depending on individual circumstances, legal requirements, and the terms and conditions of specific policies or accounts. It is recommended to consult with a legal or financial professional for personalized advice regarding beneficiary changes.

For pdfFiller’s FAQs

What is change of beneficiary form?

A change of beneficiary form is a legal document that allows the policyholder of an insurance policy or the account owner of a retirement plan to change the designated beneficiary or beneficiaries.

Who is required to file change of beneficiary form?

The policyholder of an insurance policy or the account owner of a retirement plan is required to file a change of beneficiary form if they want to make changes to the designated beneficiary or beneficiaries.

How to fill out change of beneficiary form?

To fill out a change of beneficiary form, you typically need to provide your personal information, the details of the existing beneficiary, and the information of the new beneficiary. You may also need to provide supporting documentation, such as legal proof of relationship for the new beneficiary.

What is the purpose of change of beneficiary form?

The purpose of a change of beneficiary form is to allow the policyholder or account owner to update the designated beneficiary or beneficiaries of an insurance policy or retirement plan. This ensures that the intended recipients receive the benefits or assets upon the policyholder's or account owner's death.

What information must be reported on change of beneficiary form?

The information required on a change of beneficiary form typically includes the policyholder's or account owner's personal information, the details of the existing beneficiary, and the information of the new beneficiary. Additional information, such as legal proof of relationship for the new beneficiary, may also need to be provided depending on the specific requirements of the form.

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