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BENEFICIARY DESIGNATION FORM FOR GROUP LIFE AND GROUP ACCIDENT INSURANCE UNM Life Insurance Company of America Provident Life and Accident Insurance Company The Paul Revere Insurance Company Please

How to fill out beneficiary designation form for

How to fill out beneficiary designation form:

Gather necessary information:

1. Full legal name of the beneficiary
2. Relationship to the policyholder
3. Date of birth of the beneficiary
4. Social security number or other identification details
5. Contact information (address, phone number, email) of the beneficiary

Read the instructions carefully:

1. Read the instructions provided with the beneficiary designation form thoroughly to understand the requirements and procedures.
2. Take note of any specific guidelines or additional documents that may be required.

Fill out personal information:

Start by filling out your own personal information as the policyholder, including full name, address, contact details, and policy information.

Provide beneficiary details:

1. List the full name of each beneficiary you wish to designate.
2. Specify their relationship to you, such as spouse, child, or friend.
3. Enter the date of birth of each beneficiary, which is essential for identification purposes.
4. If required, provide the social security number or any other identification details as per the form's instructions.
5. Ensure accuracy and double-check all beneficiary information before proceeding.

Determine the beneficiary shares:

1. If you want to divide the benefits unequally among the beneficiaries, specify the percentage or specific amount each one should receive.
2. Clearly express your intentions to prevent any ambiguity or potential conflicts between beneficiaries.

Add contingent beneficiaries (if applicable):

1. Contingent beneficiaries are individuals who will receive the benefits in case the primary beneficiary predeceases you or is unable to claim the benefits.
2. Fill out their full names, relationships, dates of birth, and any other required details.

Obtain witness signatures (if required):

1. Some beneficiary designation forms may require witness signatures to validate the document.
2. Follow the instructions and, if needed, arrange for witnesses to sign the form in your presence.

Who needs beneficiary designation form:

Individuals with life insurance policies:

Life insurance policyholders should fill out a beneficiary designation form to determine who will receive the policy benefits upon their death. This ensures that the intended beneficiaries are protected financially.

Retirement account holders:

Individuals with retirement accounts, such as 401(k) or IRA, should complete a beneficiary designation form to indicate who will inherit the account after their passing. This helps avoid complications and ensures a smooth transfer of assets to the chosen beneficiaries.

Trust creators:

Individuals who have set up a trust often need to name beneficiaries who will benefit from the trust assets upon their death. A beneficiary designation form allows them to specify the beneficiaries and their respective shares.

Pension plan participants:

Participants in pension plans may be required to complete a beneficiary designation form to determine who will receive their pension benefits in the event of their death.

Overall, anyone with assets or policies that provide death benefits should consider filling out a beneficiary designation form to ensure their assets are distributed according to their wishes and to minimize potential conflicts among family members or other potential claimants.

For pdfFiller’s FAQs

What is beneficiary designation form for?

Beneficiary designation form is used to designate individuals or entities who will receive the benefits of a financial account or insurance policy upon the account holder's or policyholder's death.

Who is required to file beneficiary designation form for?

The account holder or policyholder is required to file a beneficiary designation form to specify the beneficiaries for their accounts or policies.

How to fill out beneficiary designation form for?

To fill out a beneficiary designation form, the account holder or policyholder needs to provide their personal information, such as name, date of birth, and social security number, along with the information of the designated beneficiaries, including their names, relationships, and contact details.

What is the purpose of beneficiary designation form for?

The purpose of a beneficiary designation form is to ensure that the account holder's or policyholder's assets or benefits are distributed according to their wishes upon their death, bypassing the probate process.

What information must be reported on beneficiary designation form for?

The beneficiary designation form requires the reporting of the account holder's or policyholder's personal information, as well as the information of the designated beneficiaries, including their names, relationships, and contact details.

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