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This document is a Change of Beneficiary Form for the Supplemental Arrangement of the Faculty Pension Plan, allowing members to designate beneficiaries for their pension benefits.

How to fill out change of beneficiary form

How to fill out Change of Beneficiary Form

1. Obtain the Change of Beneficiary Form from your insurance company or financial institution.
2. Fill in your personal details, including your name, address, and policy number.
3. Identify the current beneficiary and their relationship to you.
4. Provide the complete details of the new beneficiary, including their name, address, and relationship to you.
5. Specify the percentage of the benefit each beneficiary should receive, if applicable.
6. Sign and date the form to authenticate your request.
7. Submit the completed form to your insurance company or financial institution, ensuring you keep a copy for your records.

Who needs Change of Beneficiary Form?

1. Policyholders who want to update the beneficiary designations on their life insurance policies or retirement accounts.
2. Individuals who experience significant life changes such as marriage, divorce, or the birth of a child.
3. Anyone who wishes to ensure their benefits are distributed according to their current wishes.

People Also Ask about

What is SF 3102 used for beneficiaries?

If any portion of your service was under the Federal Employees' Retirement System, use Standard Form (SF) 3102. This Designation of Beneficiary form is used to designate who is to receive a lump-sum payment which may become payable after your death.

Which type of life insurance beneficiary requires his/her consent when a change of beneficiary?

Revocable and irrevocable beneficiaries Your policy will ask you to designate your beneficiaries as either revocable or irrevocable. If a beneficiary is irrevocable, then you can't change your mind without their consent – the death benefit must go to that person if they are still alive.

Which beneficiary requires the consent of a change of beneficiary?

However, if your policy names an irrevocable beneficiary, you will also need to get that beneficiary's consent before making changes. If you have a revocable beneficiary, you can change your designated person or entity without their consent.

How can I change a beneficiary?

Change a beneficiary Generally, you can review and update your beneficiary designations by contacting the company or organization that provides your insurance or retirement plan. You can sometimes do this online.

What is an SF 2823 form for?

Abstract: Standard Form 2823 is used by any Federal employee or retiree covered by the Federal Employees' Group Life Insurance (FEGLI) Program, or an assignee who owns an insured's coverage, to instruct the Office of Federal Employees' Group Life Insurance how to distribute the proceeds of the FEGLI coverage when the

For pdfFiller’s FAQs

What is Change of Beneficiary Form?

The Change of Beneficiary Form is a legal document that allows policyholders to designate or change the beneficiaries who will receive proceeds from an insurance policy, retirement account, or other financial instruments upon the policyholder's death.

Who is required to file Change of Beneficiary Form?

Policyholders or account holders who wish to change their designated beneficiaries are required to file a Change of Beneficiary Form. This may include individuals with life insurance policies, retirement accounts, or similar financial products.

How to fill out Change of Beneficiary Form?

To fill out a Change of Beneficiary Form, the policyholder must provide their personal information, details of the current beneficiaries, the names and relationships of proposed new beneficiaries, the percentage of benefits for each, and sign and date the form as required by the issuing institution.

What is the purpose of Change of Beneficiary Form?

The purpose of the Change of Beneficiary Form is to ensure that the correct individuals or entities receive the intended benefits from a financial product upon the policyholder's death, reflecting any changes in personal circumstances, such as marriage, divorce, or the birth of children.

What information must be reported on Change of Beneficiary Form?

The information that must be reported on a Change of Beneficiary Form typically includes the policyholder's name, policy number, details of existing beneficiaries, the names and contact information of new beneficiaries, their relationship to the policyholder, and the percentage of benefits each will receive.