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This form is used to designate or change beneficiaries for employee-paid voluntary life insurance under the State of Maryland. It includes sections for employee and plan information, primary and contingent

How to fill out beneficiary designation and change

How to fill out Beneficiary Designation and Change Form

1. Obtain the Beneficiary Designation and Change Form from the relevant institution, such as a bank or insurance company.
2. Read the instructions carefully to understand the requirements for filling out the form.
3. Enter your personal information in the designated fields, including your full name, address, and contact information.
4. Identify the assets or accounts for which you are designating beneficiaries.
5. List the names, relationships, and contact details of your chosen beneficiaries, ensuring accuracy.
6. Specify the percentage of the assets each beneficiary will receive, totaling 100% to avoid discrepancies.
7. Review the completed form for any errors or omissions.
8. Sign and date the form in the appropriate sections to validate your choices.
9. Submit the form as instructed, either in-person, by mail, or online, according to the institution's procedures.

Who needs Beneficiary Designation and Change Form?

1. Individuals who have accounts or policies that allow for beneficiary designations, such as life insurance policies, retirement accounts, or bank accounts.
2. People who want to ensure that their assets are distributed according to their wishes upon their death.
3. Anyone who has recently experienced a life event, such as marriage, divorce, or the birth of a child, which may affect their beneficiary choices.

People Also Ask about

How to fill out a designation of beneficiary form?

Provide the following information on the beneficiary designation: The full name of the trust as it shows on the trust document. The date the trust was created. The name of the trustee, followed by the word “trustee”, or if you cannot provide a trustee, ETF may accept another contact person. The trustee's address.

What is an example of a designated beneficiary?

Estranged relatives or former spouses – Family relationships can be complicated, so think carefully if an estranged relative or ex-spouse really aligns with your wishes. Pets – Pets can't legally own property, so naming them directly as beneficiaries is problematic.

Who should I not name as a beneficiary?

Do you have a contingent beneficiary in mind if you decide to name your child/children as your primary beneficiaries? Remember that you always want to name contingent beneficiaries so your estate isn't tied up in probate if your primary beneficiary isn't able to receive assets for any reason.

How to fill out a beneficiary designation?

Most beneficiary designations will require you to provide a person's full legal name and their relationship to you (spouse, child, mother, etc.). Some beneficiary designations also include information like mailing address, email, phone number, date of birth and Social Security number.

What is an SF 2823 form for?

Mail Form To SF 2823, Designation For FEGLI Determines how proceeds from the life insurance are distributed.

What is the SF 2808 form?

This Designation of Beneficiary form is used to designate who is to receive a lump-sum payment which may become payable after your death. It does not affect the right of any person who is eligible for survivor annuity benefits.

Can I change my beneficiary designation?

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.

For pdfFiller’s FAQs

What is Beneficiary Designation and Change Form?

The Beneficiary Designation and Change Form is a document used to specify or update the individuals or entities that will receive benefits or assets upon the death of the policyholder or account owner.

Who is required to file Beneficiary Designation and Change Form?

Typically, individuals who have life insurance policies, retirement accounts, or any financial products that allow for beneficiary designations are required to file this form to ensure their wishes are legally documented.

How to fill out Beneficiary Designation and Change Form?

To fill out the form, you need to provide personal information such as your name, account number, and details about the beneficiaries including their names, relationships to you, and their contact information. Ensure all sections are completed and review for accuracy before submission.

What is the purpose of Beneficiary Designation and Change Form?

The purpose of the form is to clearly define who will inherit your assets and benefits to avoid legal disputes or confusion after your death.

What information must be reported on Beneficiary Designation and Change Form?

Information that must be reported includes the policyholder's personal details, beneficiary names, their relationships to the policyholder, their addresses, and any relevant account details or identification numbers.